Genesis Financial Group LLC Makes New Investment in Direxion Daily TSLA Bull 2X Shares $TSLL

Genesis Financial Group LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLLFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 46,383 shares of the company’s stock, valued at approximately $886,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. StoneX Group Inc. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter valued at $1,622,000. IMC Chicago LLC raised its stake in Direxion Daily TSLA Bull 2X Shares by 60.7% in the 3rd 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 during the last quarter. Optiver Holding B.V. acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $1,697,000. Simplify Asset Management Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $6,359,000. Finally, Q Fund Management Hong Kong Ltd purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at about $3,599,000.

Direxion Daily TSLA Bull 2X Shares Stock Performance

Shares of TSLL stock opened at $11.37 on Friday. The stock’s 50-day simple moving average is $14.76 and its 200-day simple moving average is $17.91. The firm has a market capitalization of $4.16 billion, a PE ratio of 88.55 and a beta of 2.85. Direxion Daily TSLA Bull 2X Shares has a fifty-two week low of $6.29 and a fifty-two week high of $23.74.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a $0.0994 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.40 dividend on an annualized basis and a yield of 3.5%.

About Direxion Daily TSLA Bull 2X Shares

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)

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