Direxion Daily TSLA Bull 2X Shares Target of Unusually High Options Trading (NASDAQ:TSLL)

Key Points

• Unusually high options activity: Traders purchased 210,953 TSLL call options, 73% above the average daily volume of 122,138 calls.
• Institutional ownership increased: Renaissance Technologies and Bank of Montreal significantly expanded their holdings, while UBS remained the largest listed institutional holder with 7.93 million shares.
• Shares rose sharply: TSLL gained 10% to $9.77 on heavy trading volume, though it remained below its 50-day and 200-day moving averages. The fund also announced a $0.1049 quarterly dividend, equating to a 4.3% annualized yield.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - ) was the recipient of some unusual options trading activity on Friday. Stock traders bought 210,953 call options on the company. This represents an increase of 73% compared to the average daily volume of 122,138 call options.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 2,438.5% in the 1st quarter. Renaissance Technologies LLC now owns 2,198,300 shares of the company's stock worth $26,709,000 after buying an additional 2,111,700 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 1,541.0% during the 4th quarter. Bank of Montreal Can now owns 1,476,100 shares of the company's stock worth $28,208,000 after acquiring an additional 1,386,150 shares during the last quarter. UBS Group AG lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 9.0% during the 3rd quarter. UBS Group AG now owns 7,933,334 shares of the company's stock worth $167,473,000 after acquiring an additional 654,265 shares during the last quarter. Virtu Financial LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $5,913,000. Finally, Sloy Dahl & Holst LLC increased its stake in Direxion Daily TSLA Bull 2X Shares by 19.0% in the fourth quarter. Sloy Dahl & Holst LLC now owns 1,688,402 shares of the company's stock valued at $32,265,000 after acquiring an additional 269,324 shares during the last quarter.

Direxion Daily TSLA Bull 2X Shares Trading Up 10.0%

Shares of Direxion Daily TSLA Bull 2X Shares stock traded up $0.89 during trading on Friday, hitting $9.77. The stock had a trading volume of 134,419,133 shares, compared to its average volume of 80,382,750. Direxion Daily TSLA Bull 2X Shares has a 12 month low of $6.70 and a 12 month high of $23.74. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 88.55 and a beta of 2.79. The business's 50-day moving average is $10.65 and its 200 day moving average is $12.81.

Direxion Daily TSLA Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.1049 per share. This represents a $0.42 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, June 23rd.

Direxion Daily TSLA Bull 2X Shares Company Profile

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.

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