Traynor Capital Management Inc. Trims Stake in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)

Traynor Capital Management Inc. reduced its stake in shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) by 16.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 367,946 shares of the company’s stock after selling 69,932 shares during the quarter. Traynor Capital Management Inc.’s holdings in Direxion Daily TSLA Bull 2X Shares were worth $5,085,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $54,000. Beacon Capital Management LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at approximately $120,000. AE Wealth Management LLC grew its holdings in Direxion Daily TSLA Bull 2X Shares by 16.0% in the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock valued at $133,000 after purchasing an additional 2,000 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at approximately $213,000. Finally, Sloy Dahl & Holst LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $223,000.

Direxion Daily TSLA Bull 2X Shares Trading Down 4.9 %

Shares of TSLL opened at $13.13 on Tuesday. The stock’s 50 day moving average is $10.93 and its two-hundred day moving average is $9.81. The firm has a market cap of $2.67 billion, a P/E ratio of 40.38 and a beta of -5.14. Direxion Daily TSLA Bull 2X Shares has a 12 month low of $4.94 and a 12 month high of $16.85.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders 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 dividend on an annualized basis and a yield of 2.45%. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

About Direxion Daily TSLA Bull 2X Shares