Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL) Declares $0.07 Quarterly Dividend

Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL) declared a quarterly dividend on Monday, September 21st. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.0708 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 22nd.

Direxion Daily TSLA Bull 2X ETF Price Performance

TSLL traded up $0.11 on Tuesday, reaching $10.30. The company’s stock had a trading volume of 59,777,140 shares, compared to its average volume of 80,412,523. The business’s 50 day moving average is $9.14 and its 200 day moving average is $11.88. Direxion Daily TSLA Bull 2X ETF has a 1 year low of $6.70 and a 1 year high of $23.74. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 88.55 and a beta of 2.84.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in Direxion Daily TSLA Bull 2X ETF by 2,438.5% during the first quarter. Renaissance Technologies LLC now owns 2,198,300 shares of the company’s stock worth $26,709,000 after purchasing an additional 2,111,700 shares during the period. Virtu Financial LLC bought a new position in Direxion Daily TSLA Bull 2X ETF in the 4th quarter worth approximately $5,913,000. Turner Financial Group Inc. bought a new stake in Direxion Daily TSLA Bull 2X ETF in the second quarter valued at about $3,646,000. Royal Bank of Canada lifted its holdings in shares of Direxion Daily TSLA Bull 2X ETF by 36,531.8% during the 1st quarter. Royal Bank of Canada now owns 102,569 shares of the company’s stock valued at $1,246,000 after purchasing an additional 102,289 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Direxion Daily TSLA Bull 2X ETF by 70.7% in the 4th quarter. HighTower Advisors LLC now owns 55,313 shares of the company’s stock valued at $1,057,000 after buying an additional 22,902 shares during the last quarter.

About Direxion Daily TSLA Bull 2X ETF

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.