Stevens Capital Management LP Invests $1.35 Million in Direxion Daily TSLA Bull 2X Shares $TSLL

Stevens Capital Management LP bought a new stake in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 63,930 shares of the company’s stock, valued at approximately $1,350,000.

Other institutional investors also recently bought and sold shares of the company. StoneX Group Inc. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth $1,622,000. SBI Securities Co. Ltd. boosted its holdings in Direxion Daily TSLA Bull 2X Shares by 72.3% in the second quarter. SBI Securities Co. Ltd. now owns 430,252 shares of the company’s stock valued at $5,081,000 after purchasing an additional 180,551 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at $233,000. SG Americas Securities LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth about $435,000. Finally, IMC Chicago LLC raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 60.7% during the 3rd quarter. IMC Chicago LLC now owns 429,436 shares of the company’s stock valued at $9,065,000 after buying an additional 162,286 shares during the last quarter.

Direxion Daily TSLA Bull 2X Shares Stock Down 0.1%

Shares of TSLL stock opened at $15.44 on Friday. Direxion Daily TSLA Bull 2X Shares has a 52-week low of $6.29 and a 52-week high of $23.74. The stock has a market cap of $5.26 billion, a PE ratio of 88.55 and a beta of 2.85. The business has a 50-day simple moving average of $18.21 and a 200-day simple moving average of $17.72.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.1122 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.45 dividend on an annualized basis and a yield of 2.9%.

About Direxion Daily TSLA Bull 2X Shares

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.