Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Reaches New 1-Year High – What’s Next?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares hit a new 52-week high on Monday . The company traded as high as $23.54 and last traded at $23.54, with a volume of 6913637 shares changing hands. The stock had previously closed at $22.43.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The firm has a market capitalization of $3.95 billion, a PE ratio of 40.38 and a beta of -5.14. The company’s 50-day moving average price is $14.12 and its 200-day moving average price is $11.36.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.0803 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Tuesday, September 24th. This is a positive change 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

Several hedge funds have recently added to or reduced their stakes in TSLL. Morse Asset Management Inc acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at $119,000. Sanctuary Advisors LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth about $152,000. Beacon Capital Management LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter worth about $120,000. AE Wealth Management LLC lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% in the 2nd quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock valued at $133,000 after purchasing an additional 2,000 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $213,000.

About Direxion Daily TSLA Bull 2X Shares