Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Up - What's Next?

Key Points

• Direxion Daily TSLA Bull 2X Shares stock price experienced a significant gap up, opening at $19.38 after closing at $17.03, with a last traded price of $19.03 and a trading volume of over 132 million shares.
• The company announced an increase in its quarterly dividend to $0.0896 per share, up from $0.08, translating to an annual yield of 1.9%.
• Several hedge funds have recently adjusted their positions in Direxion Daily TSLA Bull 2X Shares, including Captrust Financial Advisors, which increased its holdings by 27.7% in Q2.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - )'s stock price gapped up prior to trading on Monday . The stock had previously closed at $17.03, but opened at $19.38. Direxion Daily TSLA Bull 2X Shares shares last traded at $19.03, with a volume of 132,584,033 shares.

Direxion Daily TSLA Bull 2X Shares Trading Up 12.5%

The business's 50 day simple moving average is $12.14 and its 200 day simple moving average is $11.47. The firm has a market capitalization of $10.30 billion, a PE ratio of 88.55 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were paid a dividend of $0.0896 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08.

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

A number of large investors have recently made changes to their positions in TSLL. Captrust Financial Advisors lifted its holdings in Direxion Daily TSLA Bull 2X Shares by 27.7% during the 2nd quarter. Captrust Financial Advisors now owns 78,116 shares of the company's stock valued at $923,000 after buying an additional 16,938 shares in the last quarter. Snowden Capital Advisors LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $2,136,000. Jump Financial LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $126,000. StoneX Group Inc. bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $1,622,000. Finally, Bernardo Wealth Planning LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth approximately $248,000.

About Direxion Daily TSLA Bull 2X Shares

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