Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Up 8.7% – Here’s What Happened

Posted by Elija Maina on Nov 24th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) shares shot up 8.7% during mid-day trading on Friday . The stock traded as high as $22.90 and last traded at $22.64. 37,252,425 shares traded hands during trading, a decline of 9% from the average session volume of 40,961,301 shares. The stock had previously closed at $20.83.

Direxion Daily TSLA Bull 2X Shares Price Performance

The firm has a 50-day moving average of $13.72 and a 200 day moving average of $11.12. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a $0.0803 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Tuesday, September 24th. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

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. Morse Asset Management Inc bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at about $119,000. Beacon Capital Management LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $120,000. AE Wealth Management LLC grew its holdings in Direxion Daily TSLA Bull 2X Shares by 16.0% during the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock worth $133,000 after purchasing an additional 2,000 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in Direxion Daily TSLA Bull 2X Shares during the second quarter worth approximately $213,000. Finally, Garden State Investment Advisory Services LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at approximately $366,000.