Free Trial

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Up 8.1% - What's Next?

Direxion Daily TSLA Bull 2X Shares logo with background

Key Points

  • Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw an 8.1% increase in trading, with the stock reaching a high of $14.44 before closing at $14.33.
  • The company recently announced an increase in its quarterly dividend to $0.0896 per share, reflecting a 2.4% yield annualized.
  • Significant institutional investment activities were noted, with firms like Sloy Dahl & Holst LLC and Simplex Trading LLC sharply raising their stakes in the company.
  • Interested in Direxion Daily TSLA Bull 2X Shares? Here are five stocks we like better.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report)'s share price were up 8.1% on Thursday . The company traded as high as $14.44 and last traded at $14.33. Approximately 93,213,565 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 160,681,703 shares. The stock had previously closed at $13.26.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The business's 50 day moving average is $12.49 and its two-hundred day moving average is $11.56. The firm has a market capitalization of $10.35 billion, a PE ratio of 88.55 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were given a $0.0896 dividend. This represents a $0.36 annualized dividend 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. The ex-dividend date was Tuesday, June 24th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Beaird Harris Wealth Management LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at about $25,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $33,000. Atticus Wealth Management LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares during the first quarter valued at approximately $35,000. Headlands Technologies LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares during the first quarter valued at approximately $52,000. Finally, Parallel Advisors LLC increased its holdings in Direxion Daily TSLA Bull 2X Shares by 1,723.8% during the 1st quarter. Parallel Advisors LLC now owns 7,295 shares of the company's stock worth $69,000 after acquiring an additional 6,895 shares during the period.

Direxion Daily TSLA Bull 2X Shares Company Profile

(Get Free Report)

See Also

Should You Invest $1,000 in Direxion Daily TSLA Bull 2X Shares Right Now?

Before you consider Direxion Daily TSLA Bull 2X Shares, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Direxion Daily TSLA Bull 2X Shares wasn't on the list.

While Direxion Daily TSLA Bull 2X Shares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.