Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading 3.5% Higher – Here’s What Happened

Posted by Ed Jones on Oct 15th, 2024

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) traded up 3.5% during trading on Tuesday . The company traded as high as $9.95 and last traded at $9.85. 16,638,684 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 34,960,980 shares. The stock had previously closed at $9.52.

Direxion Daily TSLA Bull 2X Shares Price Performance

The firm’s 50 day moving average is $10.62 and its 200 day moving average is $9.60. The company has a market cap of $1.76 billion, a PE ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a $0.0803 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.32 annualized dividend and a dividend yield of 3.36%. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

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

Several large investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $213,000. Scientech Research LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at approximately $869,000. Garden State Investment Advisory Services LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the second quarter valued at approximately $366,000. AE Wealth Management LLC grew its stake in Direxion Daily TSLA Bull 2X Shares by 16.0% in the 2nd quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock worth $133,000 after buying an additional 2,000 shares in the last quarter. Finally, Beacon Capital Management LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter worth $120,000.