Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Up 6.6% – Here’s Why

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price were up 6.6% during trading on Monday . The company 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 3.8%

The stock has a market capitalization of $5.82 billion, a PE ratio of 88.55 and a beta of 2.67. The stock has a 50 day moving average price of $13.87 and a 200-day moving average price of $15.27.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.1049 dividend. This represents a $0.42 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Anfield Capital Management LLC grew its position in Direxion Daily TSLA Bull 2X Shares by 100.0% during the fourth quarter. Anfield Capital Management LLC now owns 2,000 shares of the company’s stock valued at $38,000 after buying an additional 1,000 shares during the period. 180 Wealth Advisors LLC boosted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 5.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 19,942 shares of the company’s stock worth $381,000 after acquiring an additional 1,000 shares during the last quarter. SOA Wealth Advisors LLC. grew its position in shares of Direxion Daily TSLA Bull 2X Shares by 17.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 6,783 shares of the company’s stock valued at $82,000 after acquiring an additional 1,000 shares during the period. Parallel Advisors LLC grew its position in shares of Direxion Daily TSLA Bull 2X Shares by 19.4% during the 1st quarter. Parallel Advisors LLC now owns 7,892 shares of the company’s stock valued at $96,000 after acquiring an additional 1,281 shares during the period. Finally, TRUE Private Wealth Advisors increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 3.0% in the 3rd quarter. TRUE Private Wealth Advisors now owns 45,171 shares of the company’s stock worth $954,000 after purchasing an additional 1,317 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.