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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price gapped up before the market opened on Friday . The stock had previously closed at $16.06, but opened at $16.75. Direxion Daily TSLA Bull 2X Shares shares last traded at $16.7420, with a volume of 19,603,129 shares traded.

Direxion Daily TSLA Bull 2X Shares Trading Up 8.8%

The firm has a 50-day moving average of $19.17 and a two-hundred day moving average of $17.24. The firm has a market capitalization of $5.87 billion, a P/E ratio of 88.55 and a beta of 2.85.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.1122 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.6%.

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

A number of institutional investors have recently added to or reduced their stakes in TSLL. Bison Wealth LLC bought a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at approximately $1,514,000. NewEdge Advisors LLC increased its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 255.7% during the first quarter. NewEdge Advisors LLC now owns 38,240 shares of the company’s stock worth $364,000 after buying an additional 27,490 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter worth $85,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at $159,000. Finally, Clarity Capital Partners LLC lifted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 5.9% in the 2nd quarter. Clarity Capital Partners LLC now owns 153,507 shares of the company’s stock valued at $1,813,000 after acquiring an additional 8,552 shares during the last quarter.

Direxion Daily TSLA Bull 2X Shares Company Profile

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.