Direxion Daily TSLA Bull 2X ETF Sees Unusually High Options Volume (NASDAQ:TSLL)

Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL) was the target of some unusual options trading activity on Friday. Investors acquired 163,747 call options on the stock. This is an increase of approximately 46% compared to the typical volume of 112,241 call options.

Direxion Daily TSLA Bull 2X ETF Stock Up 9.1%

Shares of Direxion Daily TSLA Bull 2X ETF stock traded up $0.81 during trading on Friday, reaching $9.79. 84,924,504 shares of the stock were exchanged, compared to its average volume of 79,794,805. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. Direxion Daily TSLA Bull 2X ETF has a 1 year low of $6.70 and a 1 year high of $23.74. The stock’s fifty day moving average is $8.91 and its 200 day moving average is $11.61.

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

Several hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in Direxion Daily TSLA Bull 2X ETF 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 acquiring an additional 2,111,700 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X ETF in the 4th quarter worth about $5,913,000. Turner Financial Group Inc. bought a new position in Direxion Daily TSLA Bull 2X ETF in the second quarter worth about $3,646,000. Royal Bank of Canada lifted its holdings in Direxion Daily TSLA Bull 2X ETF by 36,531.8% in the first quarter. Royal Bank of Canada now owns 102,569 shares of the company’s stock worth $1,246,000 after buying an additional 102,289 shares during the period. Finally, HighTower Advisors LLC boosted its position in Direxion Daily TSLA Bull 2X ETF by 70.7% during the 4th quarter. HighTower Advisors LLC now owns 55,313 shares of the company’s stock valued at $1,057,000 after acquiring an additional 22,902 shares in the last quarter.

Direxion Daily TSLA Bull 2X ETF 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.