Investors Purchase High Volume of Call Options on Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)

Posted by Chris Copeland on Oct 11th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) saw unusually large options trading activity on Friday. Stock traders purchased 61,786 call options on the stock. This is an increase of 12% compared to the average daily volume of 55,317 call options.

Direxion Daily TSLA Bull 2X Shares Stock Down 15.5 %

NASDAQ:TSLL traded down $1.77 during trading hours on Friday, hitting $9.64. 79,275,609 shares of the stock traded hands, compared to its average volume of 34,631,805. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. Direxion Daily TSLA Bull 2X Shares has a 1 year low of $4.94 and a 1 year high of $16.85. The stock has a 50 day moving average price of $10.60 and a 200 day moving average price of $9.57.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.0803 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.32 annualized dividend and a yield of 3.33%. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Scientech Research LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth $869,000. Clarity Capital Partners LLC lifted its stake in Direxion Daily TSLA Bull 2X Shares by 112.8% in the 1st quarter. Clarity Capital Partners LLC now owns 156,790 shares of the company’s stock worth $1,272,000 after purchasing an additional 83,110 shares in the last quarter. Traynor Capital Management Inc. lifted its stake in Direxion Daily TSLA Bull 2X Shares by 22.6% in the 1st quarter. Traynor Capital Management Inc. now owns 382,684 shares of the company’s stock worth $3,104,000 after purchasing an additional 70,574 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at about $522,000. Finally, Garden State Investment Advisory Services LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter valued at about $366,000.