Genesis Financial Group LLC Takes $886,000 Position in Direxion Daily TSLA Bull 2X Shares $TSLL

Genesis Financial Group LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) during the fourth quarter, Holdings Channel.com reports. The firm acquired 46,383 shares of the company’s stock, valued at approximately $886,000.

Other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management acquired a new position in Direxion Daily TSLA Bull 2X Shares during the third quarter valued at $30,000. Toth Financial Advisory Corp raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 99.2% during the 3rd quarter. Toth Financial Advisory Corp now owns 1,657 shares of the company’s stock valued at $35,000 after buying an additional 825 shares during the last quarter. BOKF NA acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at about $46,000. Jump Financial LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $126,000. Finally, Hollencrest Capital Management boosted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 355.4% in the third quarter. Hollencrest Capital Management now owns 9,995 shares of the company’s stock worth $211,000 after buying an additional 7,800 shares during the last quarter.

Direxion Daily TSLA Bull 2X Shares Stock Down 11.0%

Direxion Daily TSLA Bull 2X Shares stock opened at $11.37 on Friday. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. Direxion Daily TSLA Bull 2X Shares has a 52 week low of $6.29 and a 52 week high of $23.74. The business’s 50-day moving average price is $14.76 and its 200 day moving average price is $17.91.

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 $0.0994 dividend. This represents a $0.40 annualized dividend and a yield of 3.5%. The ex-dividend date was Tuesday, March 24th.

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.