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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) rose 6.6% during trading on Friday . The stock traded as high as $9.63 and last traded at $9.47. 27,897,740 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 79,666,680 shares. The stock had previously closed at $8.88.

Direxion Daily TSLA Bull 2X Shares Trading Up 10.6%

The stock has a 50-day simple moving average of $10.65 and a 200-day simple moving average of $12.81. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 88.55 and a beta of 2.79.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.1049 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TSLL. Anfield Capital Management LLC increased its stake in shares of 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 acquiring an additional 1,000 shares during the period. BOKF NA acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at $46,000. Summit Securities Group LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at $36,000. Bessemer Group Inc. bought a new position in Direxion Daily TSLA Bull 2X Shares during the first quarter valued at about $48,000. Finally, Federation des caisses Desjardins du Quebec boosted its stake in Direxion Daily TSLA Bull 2X Shares by 232.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,825 shares of the company’s stock valued at $92,000 after buying an additional 3,375 shares in the last quarter.

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.