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

Posted by Matthew Jenks on Apr 1st, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $9.52, but opened at $9.86. Direxion Daily TSLA Bull 2X Shares shares last traded at $9.95, with a volume of 65,445,001 shares trading hands.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company has a market cap of $4.52 billion, a price-to-earnings ratio of 47.43 and a beta of 2.63. The company’s 50 day moving average price is $16.57 and its 200 day moving average price is $18.91.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be issued a $0.0845 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.24%. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares

Large investors have recently made changes to their positions in the company. Simplex Trading LLC grew its stake in shares of Direxion Daily TSLA Bull 2X Shares by 230.3% during the fourth quarter. Simplex Trading LLC now owns 465,134 shares of the company’s stock worth $12,805,000 after purchasing an additional 324,332 shares during the period. Barclays PLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $7,433,000. SBI Securities Co. Ltd. bought a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $5,752,000. Lauer Wealth LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth $5,285,000. Finally, Simplify Asset Management Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at approximately $5,014,000.