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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Unusually-High Trading Volume - Here's What Happened

Direxion Daily TSLA Bull 2X Shares logo with background

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 38,610,873 shares were traded during mid-day trading, a decline of 52% from the previous session's volume of 80,561,918 shares.The stock last traded at $6.59 and had previously closed at $7.67.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 48.19 and a beta of -5.14. The business has a fifty day moving average of $10.26 and a 200 day moving average of $18.23.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.0845 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This is an increase from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.23%.

Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLL. Morse Asset Management Inc purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $119,000. Sanctuary Advisors LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $152,000. JPMorgan Chase & Co. raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 248.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company's stock valued at $2,192,000 after purchasing an additional 113,068 shares in the last quarter. Lauer Wealth LLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth $5,285,000. Finally, Client First Investment Management LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at approximately $327,000.

About Direxion Daily TSLA Bull 2X Shares

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