Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Up 8% - Here's What Happened

Key Points

• The shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) experienced an 8% increase during mid-day trading, reaching a price of $13.10.
• The company announced an increase in its quarterly dividend to $0.0896 per share, up from the previous $0.08, resulting in a 2.8% yield.
• Significant institutional investment was noted, with Sloy Dahl & Holst LLC increasing its stake by 1,301.8% in the first quarter of the year.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - )'s stock price shot up 8% during mid-day trading on Monday . The stock traded as high as $13.15 and last traded at $13.10. 54,679,724 shares changed hands during trading, a decline of 67% from the average session volume of 166,274,875 shares. The stock had previously closed at $12.13.

Direxion Daily TSLA Bull 2X Shares Trading Up 7.0%

The firm's fifty day moving average price is $11.85 and its 200-day moving average price is $12.88. The company has a market cap of $6.98 billion, a P/E ratio of 88.55 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were paid a $0.0896 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This is a boost from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 2.8%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Sloy Dahl & Holst LLC boosted its position in Direxion Daily TSLA Bull 2X Shares by 1,301.8% during the 1st quarter. Sloy Dahl & Holst LLC now owns 1,197,704 shares of the company's stock worth $11,402,000 after buying an additional 1,112,265 shares during the period. Simplex Trading LLC raised its holdings in Direxion Daily TSLA Bull 2X Shares by 199.8% during the 2nd quarter. Simplex Trading LLC now owns 816,632 shares of the company's stock worth $9,644,000 after purchasing an additional 544,253 shares during the last quarter. Virtu Financial LLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth approximately $4,375,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at $3,067,000. Finally, Barclays PLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at $7,433,000.

Direxion Daily TSLA Bull 2X Shares Company Profile

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