Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading 6.6% Higher – What’s Next?

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) traded up 6.6% on Monday . The stock traded as high as $12.52 and last traded at $12.39. Approximately 18,148,623 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 78,414,250 shares. The stock had previously closed at $11.62.

Direxion Daily TSLA Bull 2X Shares Trading Up 12.7%

The firm has a 50-day moving average of $13.85 and a 200 day moving average of $15.35. The company has a market cap of $5.38 billion, a P/E ratio of 88.55 and a beta of 2.67.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a dividend of $0.1049 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 23rd.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Several hedge funds have recently modified their holdings of the stock. UBS Group AG boosted its stake in Direxion Daily TSLA Bull 2X Shares by 9.0% during the third quarter. UBS Group AG now owns 7,933,334 shares of the company’s stock worth $167,473,000 after acquiring an additional 654,265 shares in the last quarter. Renaissance Technologies LLC increased its stake in Direxion Daily TSLA Bull 2X Shares by 2,438.5% in the first quarter. Renaissance Technologies LLC now owns 2,198,300 shares of the company’s stock valued at $26,709,000 after purchasing an additional 2,111,700 shares in the last quarter. Sloy Dahl & Holst LLC raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 19.0% during the fourth quarter. Sloy Dahl & Holst LLC now owns 1,688,402 shares of the company’s stock valued at $32,265,000 after purchasing an additional 269,324 shares during the period. Bank of Montreal Can raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 1,541.0% during the fourth quarter. Bank of Montreal Can now owns 1,476,100 shares of the company’s stock valued at $28,208,000 after purchasing an additional 1,386,150 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $13,256,000.

Direxion Daily TSLA Bull 2X Shares 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.