Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Large Volume Increase After Dividend Announcement

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw an uptick in trading volume on Monday after the company announced a dividend. 47,279,611 shares were traded during mid-day trading, a decline of 25% from the previous session’s volume of 63,119,978 shares.The stock last traded at $10.44 and had previously closed at $9.04.

The newly announced dividend which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.0845 per share. The ex-dividend date is Tuesday, March 25th. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.85%.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock has a market cap of $2.29 billion, a PE ratio of 43.99 and a beta of -5.14. The company has a 50 day moving average of $18.13 and a two-hundred day moving average of $18.91.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Institutional investors and hedge funds have recently made changes to their positions in the business. PayPay Securities Corp purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth $50,000. Bank of Montreal Can acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at about $92,000. Morse Asset Management Inc purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth about $119,000. Optiver Holding B.V. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $240,000. Finally, Aire Advisors LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at about $241,000.

Direxion Daily TSLA Bull 2X Shares Company Profile