Royal Bank of Canada Increases Stock Holdings in Direxion Daily TSLA Bull 2X Shares $TSLL

Royal Bank of Canada increased its stake in shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) by 36,531.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 102,569 shares of the company’s stock after purchasing an additional 102,289 shares during the period. Royal Bank of Canada’s holdings in Direxion Daily TSLA Bull 2X Shares were worth $1,246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bison Wealth LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $1,514,000. NewEdge Advisors LLC lifted its position in shares of Direxion Daily TSLA Bull 2X Shares by 255.7% during the first quarter. NewEdge Advisors LLC now owns 38,240 shares of the company’s stock worth $364,000 after purchasing an additional 27,490 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter worth $126,000. Snowden Capital Advisors LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter valued at $2,136,000. Finally, Captrust Financial Advisors boosted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 27.7% in the second quarter. Captrust Financial Advisors now owns 78,116 shares of the company’s stock valued at $923,000 after purchasing an additional 16,938 shares during the period.

Direxion Daily TSLA Bull 2X Shares Trading Down 3.4%

TSLL opened at $8.88 on Friday. Direxion Daily TSLA Bull 2X Shares has a twelve month low of $6.70 and a twelve month high of $23.74. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 88.55 and a beta of 2.79. The company has a fifty day simple moving average of $10.65 and a 200 day simple moving average of $12.81.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.1049 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.42 annualized dividend and a dividend yield of 4.7%.

Direxion Daily TSLA Bull 2X Shares 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.