Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) to Issue Quarterly Dividend of $0.10

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.0994 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 24th.

Direxion Daily TSLA Bull 2X Shares Trading Up 0.4%

NASDAQ:TSLL traded up $0.05 on Tuesday, hitting $13.00. 63,917,379 shares of the company’s stock traded hands, compared to its average volume of 71,049,984. The company has a market cap of $4.43 billion, a PE ratio of 88.55 and a beta of 2.85. Direxion Daily TSLA Bull 2X Shares has a 1 year low of $6.29 and a 1 year high of $23.74. The firm has a 50-day moving average price of $15.68 and a 200-day moving average price of $18.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG increased its stake in Direxion Daily TSLA Bull 2X Shares by 9.0% in the 3rd quarter. UBS Group AG now owns 7,933,334 shares of the company’s stock valued at $167,473,000 after buying an additional 654,265 shares during the period. Sloy Dahl & Holst LLC lifted its position in Direxion Daily TSLA Bull 2X Shares by 19.0% in the 4th quarter. Sloy Dahl & Holst LLC now owns 1,688,402 shares of the company’s stock worth $32,265,000 after buying an additional 269,324 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 1,541.0% during the 4th quarter. Bank of Montreal Can now owns 1,476,100 shares of the company’s stock valued at $28,208,000 after buying an additional 1,386,150 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth $13,256,000. Finally, IMC Chicago LLC raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 60.7% during the third quarter. IMC Chicago LLC now owns 429,436 shares of the company’s stock worth $9,065,000 after acquiring an additional 162,286 shares in the last quarter.

About Direxion Daily TSLA Bull 2X Shares

The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLL was launched on Aug 9, 2022 and is managed by Direxion.