Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw strong trading volume on Monday . 55,054,508 shares changed hands during mid-day trading, a decline of 18% from the previous session’s volume of 67,401,957 shares.The stock last traded at $8.96 and had previously closed at $9.85.

Direxion Daily TSLA Bull 2X Shares Trading Up 7.2 %

The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 47.43 and a beta of -5.14. The stock has a fifty day moving average price of $16.19 and a 200-day moving average price of $18.90.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.0845 per share. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Tuesday, March 25th.

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

Large investors have recently made changes to their positions in the company. Simplex Trading LLC boosted its holdings 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 acquiring an additional 324,332 shares in the last quarter. Barclays PLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $7,433,000. SBI Securities Co. Ltd. acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $5,752,000. Lauer Wealth LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $5,285,000. Finally, Simplify Asset Management Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at about $5,014,000.

About Direxion Daily TSLA Bull 2X Shares