Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Up 4.4% – Here’s Why

Posted by Alanna Baker on Nov 15th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) rose 4.4% on Friday . The stock traded as high as $18.60 and last traded at $18.39. Approximately 43,364,270 shares were traded during trading, an increase of 8% from the average daily volume of 40,261,840 shares. The stock had previously closed at $17.61.

Direxion Daily TSLA Bull 2X Shares Trading Up 4.1 %

The company has a fifty day simple moving average of $12.45 and a two-hundred day simple moving average of $10.59. The company has a market cap of $3.52 billion, a PE ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.0803 per share. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, September 24th. This represents a $0.32 annualized dividend and a yield of 1.75%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TSLL. Citigroup Inc. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at about $51,145,000. TB Alternative Assets Ltd. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at about $2,794,000. Scientech Research LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $869,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at about $522,000. Finally, Traynor Capital Management Inc. boosted its position in shares of Direxion Daily TSLA Bull 2X Shares by 14.4% in the 2nd quarter. Traynor Capital Management Inc. now owns 437,878 shares of the company’s stock valued at $4,028,000 after purchasing an additional 55,194 shares during the period.