Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Up 6.5% - What's Next?

Key Points

• TSLL jumped 6.5% mid-day, trading as high as $15.60 and last at $15.32 on roughly 28.4 million shares, about 60% below its average daily volume.
• The fund paid a quarterly dividend of $0.1122 per share (annualized $0.45), representing a 3.0% yield with record date Dec 23 and payment on Dec 31.
• TSLL is a Direxion ETF that provides 1.5x leveraged exposure to Tesla's daily moves, carries high volatility (beta 2.85), and is trading below its 50- and 200-day moving averages ($16.54 and $18.02); market cap is $5.09 billion.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - )'s stock price were up 6.5% during mid-day trading on Wednesday . The stock traded as high as $15.60 and last traded at $15.32. Approximately 28,428,474 shares changed hands during trading, a decline of 60% from the average daily volume of 70,285,875 shares. The stock had previously closed at $14.38.

Direxion Daily TSLA Bull 2X Shares Price Performance

The company has a 50-day moving average price of $16.54 and a 200 day moving average price of $18.02. The firm has a market capitalization of $5.09 billion, a PE ratio of 88.55 and a beta of 2.85.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.1122 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.45 annualized dividend and a dividend yield of 3.0%.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Several institutional investors have recently added to or reduced their stakes in the company. Sonora Investment Management Group LLC raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 5.2% in the 3rd quarter. Sonora Investment Management Group LLC now owns 10,767 shares of the company's stock valued at $227,000 after purchasing an additional 531 shares in the last quarter. Toth Financial Advisory Corp raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 99.2% during the 3rd quarter. Toth Financial Advisory Corp now owns 1,657 shares of the company's stock worth $35,000 after acquiring an additional 825 shares in the last quarter. 180 Wealth Advisors LLC increased its position in shares of Direxion Daily TSLA Bull 2X Shares by 5.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 19,942 shares of the company's stock worth $381,000 after purchasing an additional 1,000 shares in the last quarter. Anfield Capital Management LLC raised its stake in Direxion Daily TSLA Bull 2X Shares by 100.0% in the fourth quarter. Anfield Capital Management LLC now owns 2,000 shares of the company's stock valued at $38,000 after buying an additional 1,000 shares during the last quarter. Finally, AE Wealth Management LLC raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 6.2% in the 3rd quarter. AE Wealth Management LLC now owns 19,853 shares of the company's stock valued at $419,000 after purchasing an additional 1,161 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.