Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Up After Dividend Announcement

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price gapped up before the market opened on Tuesday after the company announced a dividend. The stock had previously closed at $11.16, but opened at $11.50. Direxion Daily TSLA Bull 2X Shares shares last traded at $10.93, with a volume of 81,265,766 shares.

The newly announced dividend which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a $0.0845 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.20%. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, March 25th.

Direxion Daily TSLA Bull 2X Shares Stock Down 11.0 %

The stock has a market capitalization of $2.04 billion, a P/E ratio of 43.99 and a beta of -5.14. The company has a 50 day moving average of $17.73 and a 200-day moving average of $18.86.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Institutional investors and hedge funds have recently modified their holdings of the business. Simplex Trading LLC grew its position in shares of Direxion Daily TSLA Bull 2X Shares by 230.3% during the 4th quarter. Simplex Trading LLC now owns 465,134 shares of the company’s stock valued at $12,805,000 after buying an additional 324,332 shares during the last quarter. Barclays PLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at approximately $7,433,000. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth approximately $5,752,000. Lauer Wealth LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at approximately $5,285,000. Finally, Simplify Asset Management Inc. acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at approximately $5,014,000.

About Direxion Daily TSLA Bull 2X Shares