Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Up – Here’s What Happened

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) gapped up before the market opened on Friday . The stock had previously closed at $16.06, but opened at $16.75. Direxion Daily TSLA Bull 2X Shares shares last traded at $16.7420, with a volume of 19,603,129 shares traded.

Direxion Daily TSLA Bull 2X Shares Stock Up 8.8%

The stock has a 50 day moving average price of $19.17 and a 200 day moving average price of $17.24. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a $0.1122 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, December 23rd.

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

A number of institutional investors have recently added to or reduced their stakes in the business. UBS Group AG increased its holdings in Direxion Daily TSLA Bull 2X Shares by 9.0% in the third quarter. UBS Group AG now owns 7,933,334 shares of the company’s stock valued at $167,473,000 after purchasing an additional 654,265 shares during the period. Flow Traders U.S. LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $13,256,000. Simplex Trading LLC grew its position in shares of Direxion Daily TSLA Bull 2X Shares by 199.8% in the 2nd quarter. Simplex Trading LLC now owns 816,632 shares of the company’s stock valued at $9,644,000 after buying an additional 544,253 shares during the last quarter. Simplify Asset Management Inc. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at about $6,359,000. Finally, Sloy Dahl & Holst LLC increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 16.7% in the second quarter. Sloy Dahl & Holst LLC now owns 1,397,733 shares of the company’s stock valued at $16,507,000 after buying an additional 200,029 shares during the period.

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.