Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Large Volume Increase

Posted by Patrick Bannon on Apr 19th, 2024

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) saw unusually-high trading volume on Friday . Approximately 6,451,230 shares were traded during mid-day trading, a decline of 61% from the previous session’s volume of 16,426,969 shares.The stock last traded at $5.69 and had previously closed at $5.79.

Direxion Daily TSLA Bull 2X Shares Stock Down 0.3 %

The business’s 50 day moving average is $8.44 and its 200-day moving average is $11.50. The firm has a market capitalization of $598.35 million, a P/E ratio of 36.80 and a beta of 3.04.

Direxion Daily TSLA Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.0788 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.46%.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Investment Advisory Services LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth $29,000. Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily TSLA Bull 2X Shares by 1,301.2% in the third quarter. Tower Research Capital LLC TRC now owns 3,503 shares of the company’s stock worth $54,000 after purchasing an additional 3,253 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $144,000. GTS Securities LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth $187,000. Finally, Morgan Stanley grew its stake in shares of Direxion Daily TSLA Bull 2X Shares by 616.7% in the fourth quarter. Morgan Stanley now owns 13,833 shares of the company’s stock worth $86,000 after purchasing an additional 11,903 shares during the last quarter.