Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Up 8.9% – Here’s Why

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares traded up 8.9% during mid-day trading on Monday . The stock traded as high as $13.85 and last traded at $13.85. 39,302,055 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 81,108,781 shares. The stock had previously closed at $12.72.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The firm’s 50 day moving average is $13.43 and its 200-day moving average is $15.91. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 88.55 and a beta of 2.67.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a dividend of $0.0994 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.40 dividend on an annualized basis and a yield of 2.9%.

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

A number of large investors have recently added to or reduced their stakes in the stock. Anfield Capital Management LLC raised its position in Direxion Daily TSLA Bull 2X Shares by 100.0% during the fourth quarter. Anfield Capital Management LLC now owns 2,000 shares of the company’s stock worth $38,000 after acquiring an additional 1,000 shares during the period. 180 Wealth Advisors LLC raised its position in Direxion Daily TSLA Bull 2X Shares by 5.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 19,942 shares of the company’s stock worth $381,000 after acquiring an additional 1,000 shares during the period. SOA Wealth Advisors LLC. raised its position in Direxion Daily TSLA Bull 2X Shares by 17.3% during the first quarter. SOA Wealth Advisors LLC. now owns 6,783 shares of the company’s stock worth $82,000 after acquiring an additional 1,000 shares during the period. Parallel Advisors LLC raised its position in Direxion Daily TSLA Bull 2X Shares by 19.4% during the first quarter. Parallel Advisors LLC now owns 7,892 shares of the company’s stock worth $96,000 after acquiring an additional 1,281 shares during the period. Finally, TRUE Private Wealth Advisors raised its position in Direxion Daily TSLA Bull 2X Shares by 3.0% during the third quarter. TRUE Private Wealth Advisors now owns 45,171 shares of the company’s stock worth $954,000 after acquiring an additional 1,317 shares during the period.

About Direxion Daily TSLA Bull 2X Shares

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.