Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Up After Dividend Announcement

Posted by Shelly Janes on Dec 13th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s stock price gapped up prior to trading on Wednesday after the company announced a dividend. The stock had previously closed at $28.59, but opened at $29.84. Direxion Daily TSLA Bull 2X Shares shares last traded at $29.41, with a volume of 12,888,334 shares traded.

The newly announced dividend which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th will be paid a $0.3004 dividend. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous dividend of $0.08. The ex-dividend date of this dividend is Thursday, December 12th.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The company’s 50 day moving average is $17.05 and its 200 day moving average is $12.74.

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

Several hedge funds have recently made changes to their positions in the stock. Morse Asset Management Inc bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth approximately $119,000. Beacon Capital Management LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter valued at $120,000. AE Wealth Management LLC lifted its position 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 worth $133,000 after purchasing an additional 2,000 shares during the period. Sanctuary Advisors LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter worth $152,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at $213,000.