Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Up Following Dividend Announcement

Posted by Faye Duncan on Dec 13th, 2024

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) gapped up before the market opened on Wednesday after the company announced a dividend. The stock had previously closed at $28.59, but opened at $29.84. Direxion Daily TSLA Bull 2X Shares shares last traded at $29.41, with a volume of 12,888,334 shares trading hands.

The newly announced dividend which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th will be given a $0.3004 dividend. The ex-dividend date is Thursday, December 12th. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous dividend of $0.08.

Direxion Daily TSLA Bull 2X Shares Trading Down 3.3 %

The stock has a fifty day moving average price of $17.05 and a 200 day moving average price of $12.74. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14.

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

Large investors have recently added to or reduced their stakes in the stock. Morse Asset Management Inc acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter worth $119,000. Sanctuary Advisors LLC bought a new position in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth $152,000. Beacon Capital Management LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth $120,000. AE Wealth Management LLC boosted its holdings in Direxion Daily TSLA Bull 2X Shares by 16.0% during the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock valued at $133,000 after acquiring an additional 2,000 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter valued at about $213,000.