Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Unusually-High Trading Volume – What’s Next?

Posted by Doug Wharley on Nov 13th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) saw an uptick in trading volume on Monday . 71,501,307 shares changed hands during trading, an increase of 85% from the previous session’s volume of 38,685,664 shares.The stock last traded at $21.64 and had previously closed at $19.06.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The firm has a 50-day simple moving average of $11.91 and a two-hundred day simple moving average of $10.39.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.0803 dividend. 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 was Tuesday, September 24th. This represents a $0.32 annualized dividend and a dividend yield of 1.63%.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth about $54,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter worth about $522,000. TRUE Private Wealth Advisors boosted its position in shares of Direxion Daily TSLA Bull 2X Shares by 2.7% in the 2nd quarter. TRUE Private Wealth Advisors now owns 43,842 shares of the company’s stock valued at $403,000 after purchasing an additional 1,142 shares during the period. Traynor Capital Management Inc. lifted its stake in Direxion Daily TSLA Bull 2X Shares by 14.4% in the second quarter. Traynor Capital Management Inc. now owns 437,878 shares of the company’s stock valued at $4,028,000 after buying an additional 55,194 shares during the last quarter. Finally, Beacon Capital Management LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth $120,000.