Direxion Daily TSLA Bull 2X ETF $TSLL Stock: Sloy Dahl & Holst LLC Decreases Stake

Sloy Dahl & Holst LLC reduced its position in Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL) by 54.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,093,976 shares of the company’s stock after selling 1,324,108 shares during the quarter. Direxion Daily TSLA Bull 2X ETF accounts for approximately 1.4% of Sloy Dahl & Holst LLC’s investment portfolio, making the stock its 10th largest holding. Sloy Dahl & Holst LLC owned approximately 0.29% of Direxion Daily TSLA Bull 2X ETF worth $9,857,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Turner Financial Group Inc. purchased a new position in Direxion Daily TSLA Bull 2X ETF during the 2nd quarter valued at about $3,646,000. Renaissance Technologies LLC raised its holdings in shares of Direxion Daily TSLA Bull 2X ETF by 2,438.5% in the 1st quarter. Renaissance Technologies LLC now owns 2,198,300 shares of the company’s stock valued at $26,709,000 after purchasing an additional 2,111,700 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X ETF in the 4th quarter worth approximately $5,913,000. Royal Bank of Canada lifted its position in shares of Direxion Daily TSLA Bull 2X ETF by 36,531.8% in the 1st quarter. Royal Bank of Canada now owns 102,569 shares of the company’s stock worth $1,246,000 after purchasing an additional 102,289 shares during the period. Finally, Family Office Research LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X ETF in the 3rd quarter worth approximately $477,000.

Direxion Daily TSLA Bull 2X ETF Stock Performance

NASDAQ TSLL opened at $9.58 on Thursday. The firm’s 50 day moving average price is $9.39 and its 200-day moving average price is $11.41. Direxion Daily TSLA Bull 2X ETF has a 52-week low of $6.70 and a 52-week high of $23.74. The company has a market cap of $3.63 billion, a PE ratio of 88.55 and a beta of 2.85.

Direxion Daily TSLA Bull 2X ETF Company Profile

The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLL was launched on Aug 9, 2022 and is managed by Direxion.