Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Up 7.1% – What’s Next?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares shot up 7.1% during trading on Monday . The stock traded as high as $9.62 and last traded at $9.62. Approximately 17,777,815 shares traded hands during trading, a decline of 78% from the average daily volume of 80,151,055 shares. The stock had previously closed at $8.98.

Direxion Daily TSLA Bull 2X Shares Price Performance

The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 88.55 and a beta of 2.79. The business’s 50-day moving average price is $10.15 and its two-hundred day moving average price is $12.54.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.1049 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TSLL. Turner Financial Group Inc. acquired a new position in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at about $3,646,000. Tactive Advisors LLC increased its holdings in Direxion Daily TSLA Bull 2X Shares by 31.7% in the 2nd quarter. Tactive Advisors LLC now owns 16,600 shares of the company’s stock valued at $235,000 after buying an additional 4,000 shares during the period. Dakota Community Bank & Trust NA bought a new position in Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at about $283,000. SOA Wealth Advisors LLC. raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 17.3% in the 1st quarter. SOA Wealth Advisors LLC. now owns 6,783 shares of the company’s stock valued at $82,000 after buying an additional 1,000 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 36,531.8% in the 1st quarter. Royal Bank of Canada now owns 102,569 shares of the company’s stock valued at $1,246,000 after buying an additional 102,289 shares in the last quarter.

About Direxion Daily TSLA Bull 2X Shares

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.