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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw unusually large options trading activity on Tuesday. Traders acquired 26,607 call options on the company. This represents an increase of 39% compared to the average daily volume of 19,081 call options.

Direxion Daily TSLA Bull 2X Shares Stock Performance

NASDAQ:TSLL opened at $7.89 on Thursday. The company has a fifty day moving average of $7.52 and a two-hundred day moving average of $10.39. The stock has a market capitalization of $902.46 million, a PE ratio of 40.38 and a beta of -5.14. Direxion Daily TSLA Bull 2X Shares has a fifty-two week low of $4.94 and a fifty-two week high of $21.09.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were given a $0.0788 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Tuesday, March 19th.

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

A number of hedge funds have recently modified their holdings of TSLL. Traynor Capital Management Inc. raised its stake in Direxion Daily TSLA Bull 2X Shares by 22.6% during the first quarter. Traynor Capital Management Inc. now owns 382,684 shares of the company’s stock worth $3,104,000 after purchasing an additional 70,574 shares during the period. Clarity Capital Partners LLC raised its stake in Direxion Daily TSLA Bull 2X Shares by 112.8% during the first quarter. Clarity Capital Partners LLC now owns 156,790 shares of the company’s stock worth $1,272,000 after purchasing an additional 83,110 shares during the period. Simplex Trading LLC raised its stake in Direxion Daily TSLA Bull 2X Shares by 122.1% during the third quarter. Simplex Trading LLC now owns 95,631 shares of the company’s stock worth $1,479,000 after purchasing an additional 52,579 shares during the period. Virtu Financial LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares during the first quarter worth about $522,000. Finally, TRUE Private Wealth Advisors raised its stake in Direxion Daily TSLA Bull 2X Shares by 11.2% during the first quarter. TRUE Private Wealth Advisors now owns 42,700 shares of the company’s stock worth $346,000 after purchasing an additional 4,315 shares during the period.

Direxion Daily TSLA Bull 2X Shares Company Profile