Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading 3.5% Higher – What’s Next?

Posted by Matthew Steigler on Oct 17th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) shot up 3.5% during trading on Tuesday . The company traded as high as $9.95 and last traded at $9.85. 16,638,684 shares were traded during trading, a decline of 52% from the average session volume of 34,960,980 shares. The stock had previously closed at $9.52.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock has a 50 day moving average price of $10.67 and a 200 day moving average price of $9.61. The company has a market capitalization of $1.78 billion, a P/E ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.0803 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.31%. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, September 24th.

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

Several large investors have recently modified their holdings of the stock. Clarity Capital Partners LLC grew its holdings 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 valued at $1,272,000 after purchasing an additional 83,110 shares during the period. Headlands Technologies LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth $54,000. Virtu Financial LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 1st quarter worth about $522,000. Scientech Research LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $869,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at about $144,000.