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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shot up 8.9% during trading on Monday . The company traded as high as $13.85 and last traded at $13.85. 39,302,055 shares changed hands during 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 Down 7.7%

The firm’s 50 day moving average price is $13.49 and its two-hundred day moving average price is $15.86. The firm has a market capitalization of $4.94 billion, a PE ratio of 88.55 and a beta of 2.67.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.0994 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.40 annualized dividend and a dividend yield of 3.3%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC boosted its holdings in Direxion Daily TSLA Bull 2X Shares by 2,438.5% in the first quarter. Renaissance Technologies LLC now owns 2,198,300 shares of the company’s stock valued at $26,709,000 after purchasing an additional 2,111,700 shares during the last quarter. Bank of Montreal Can raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 1,541.0% in the 4th quarter. Bank of Montreal Can now owns 1,476,100 shares of the company’s stock valued at $28,208,000 after purchasing an additional 1,386,150 shares in the last quarter. UBS Group AG raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 9.0% in the 3rd quarter. UBS Group AG now owns 7,933,334 shares of the company’s stock valued at $167,473,000 after purchasing an additional 654,265 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at approximately $13,256,000. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at approximately $5,913,000.

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.