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

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.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - ) traded up 8.1% during trading on Thursday . The stock traded as high as $14.44 and last traded at $14.33. 93,213,565 shares were traded during trading, a decline of 42% from the average session volume of 160,681,703 shares. The stock had previously closed at $13.26.

Direxion Daily TSLA Bull 2X Shares Stock Up 10.6%

The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 88.55 and a beta of -5.14. The company has a 50 day simple moving average of $11.96 and a 200 day simple moving average of $11.49.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders 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 is a positive change 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 2.4%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Sloy Dahl & Holst LLC increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 1,301.8% in the first quarter. Sloy Dahl & Holst LLC now owns 1,197,704 shares of the company's stock valued at $11,402,000 after buying an additional 1,112,265 shares during the period. Simplex Trading LLC increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 199.8% in the second quarter. Simplex Trading LLC now owns 816,632 shares of the company's stock valued at $9,644,000 after buying an additional 544,253 shares during the period. Virtu Financial LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $4,375,000. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $3,067,000. Finally, Scientech Research LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $2,211,000.

About Direxion Daily TSLA Bull 2X Shares

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