Direxion Daily TSLA Bull 2X ETF Sees Unusually High Options Volume (NASDAQ:TSLL)

Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL) saw unusually large options trading activity on Friday. Traders purchased 163,747 call options on the company. This is an increase of 46% compared to the average daily volume of 112,241 call options.

Direxion Daily TSLA Bull 2X ETF Trading Up 9.1%

Shares of TSLL traded up $0.81 during midday trading on Friday, reaching $9.79. The stock had a trading volume of 84,924,504 shares, compared to its average volume of 79,794,805. The company’s 50-day moving average is $8.91 and its 200 day moving average is $11.61. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. Direxion Daily TSLA Bull 2X ETF has a 12-month low of $6.70 and a 12-month high of $23.74.

Institutional Investors Weigh In On Direxion Daily TSLA Bull 2X ETF

A number of institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC grew its stake in shares of Direxion Daily TSLA Bull 2X ETF by 57.7% during the second quarter. Integrated Wealth Concepts LLC now owns 30,685 shares of the company’s stock valued at $434,000 after buying an additional 11,227 shares during the last quarter. Turner Financial Group Inc. bought a new position in Direxion Daily TSLA Bull 2X ETF during the 2nd quarter worth approximately $3,646,000. Tactive Advisors LLC increased its stake in Direxion Daily TSLA Bull 2X ETF by 31.7% in the 2nd quarter. Tactive Advisors LLC now owns 16,600 shares of the company’s stock worth $235,000 after purchasing an additional 4,000 shares during the period. Dakota Community Bank & Trust NA bought a new stake in Direxion Daily TSLA Bull 2X ETF in the first quarter valued at approximately $283,000. Finally, SOA Wealth Advisors LLC. lifted its position in Direxion Daily TSLA Bull 2X ETF by 17.3% in the first quarter. SOA Wealth Advisors LLC. now owns 6,783 shares of the company’s stock valued at $82,000 after purchasing an additional 1,000 shares during the last quarter.

Direxion Daily TSLA Bull 2X ETF Company Profile

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.