Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Up 8.8% – Here’s Why

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLLGet Free Report)’s stock price were up 8.8% during trading on Monday . The stock traded as high as $11.20 and last traded at $11.43. Approximately 200,876,913 shares changed hands during mid-day trading, an increase of 89% from the average daily volume of 106,142,919 shares. The stock had previously closed at $10.50.

Direxion Daily TSLA Bull 2X Shares Price Performance

The business’s 50-day simple moving average is $11.18 and its two-hundred day simple moving average is $18.04. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 88.55 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a dividend of $0.0845 per share. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, March 25th. This represents a $0.34 annualized dividend and a dividend yield of 2.95%.

Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares

A number of institutional investors and hedge funds have recently bought and sold shares of TSLL. PayPay Securities Corp acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at about $50,000. Sanctuary Advisors LLC boosted its position in Direxion Daily TSLA Bull 2X Shares by 13.7% during the 4th quarter. Sanctuary Advisors LLC now owns 12,500 shares of the company’s stock worth $327,000 after buying an additional 1,505 shares during the period. Global Retirement Partners LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $275,000. SBI Securities Co. Ltd. acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at approximately $5,752,000. Finally, Chung Wu Investment Group LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at $399,000.

About Direxion Daily TSLA Bull 2X Shares

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