Direxion Daily TSLA Bull 2X Shares Target of Unusually Large Options Trading (NASDAQ:TSLL)

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) was the target of some unusual options trading activity on Tuesday. Investors bought 118,897 call options on the company. This is an increase of 18% compared to the typical volume of 100,546 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at $51,145,000. Simplex Trading LLC grew its stake in shares of Direxion Daily TSLA Bull 2X Shares by 230.3% in the 4th quarter. Simplex Trading LLC now owns 465,134 shares of the company’s stock worth $12,805,000 after buying an additional 324,332 shares in the last quarter. Barclays PLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth about $7,433,000. SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at about $5,752,000. Finally, Lauer Wealth LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at about $5,285,000.

Direxion Daily TSLA Bull 2X Shares Stock Down 18.7 %

TSLL traded down $3.25 during midday trading on Tuesday, reaching $14.09. The company had a trading volume of 136,217,061 shares, compared to its average volume of 70,285,477. Direxion Daily TSLA Bull 2X Shares has a 1 year low of $4.94 and a 1 year high of $41.50. The company has a market cap of $3.42 billion, a P/E ratio of 38.91 and a beta of 2.24. The business has a 50-day moving average of $26.38 and a two-hundred day moving average of $18.80.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.1399 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Direxion Daily TSLA Bull 2X Shares Company Profile