Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Up 6.5% – Here’s What Happened

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) rose 6.5% during trading on Wednesday . The company traded as high as $15.60 and last traded at $15.32. Approximately 28,428,474 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 70,285,875 shares. The stock had previously closed at $14.38.

Direxion Daily TSLA Bull 2X Shares Stock Up 3.9%

The firm has a 50-day moving average of $16.54 and a two-hundred day moving average of $18.02. The company has a market capitalization of $5.09 billion, a PE ratio of 88.55 and a beta of 2.85.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.1122 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.0%.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Several large investors have recently added to or reduced their stakes in TSLL. Virtu Financial LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at $5,913,000. Mariner LLC boosted its holdings in Direxion Daily TSLA Bull 2X Shares by 63.7% in the fourth quarter. Mariner LLC now owns 219,178 shares of the company’s stock valued at $4,188,000 after purchasing an additional 85,301 shares during the period. Headlands Technologies LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $3,071,000. Summit Financial LLC raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 10.1% in the 4th quarter. Summit Financial LLC now owns 114,860 shares of the company’s stock valued at $2,195,000 after purchasing an additional 10,532 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its stake in Direxion Daily TSLA Bull 2X Shares by 232.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,825 shares of the company’s stock valued at $92,000 after buying an additional 3,375 shares in the last quarter.

Direxion Daily TSLA Bull 2X Shares Company Profile

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.