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

Key Points

• Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) experienced a significant uptick in options trading, with 334,259 call options purchased on Friday, marking a 36% increase over the average daily volume.
• Several institutional investors increased their holdings in TSLL during Q2, with Simplex Trading LLC nearly doubling its stake by 199.8%, adding over half a million shares.
• TSLL stock rose by 15.0% to $17.06, and the company recently increased its quarterly dividend to $0.0896 per share, up from $0.08.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) saw unusually large options trading on Friday. Stock investors purchased 334,259 call options on the company. This represents an increase of 36% compared to the average daily volume of 246,515 call options.

Institutional Investors Weigh In On Direxion Daily TSLA Bull 2X Shares

A number of hedge funds have recently bought and sold shares of TSLL. Sloy Dahl & Holst LLC raised its position in shares of 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 acquiring an additional 1,112,265 shares in the last quarter. Simplex Trading LLC boosted 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 in the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $4,375,000. Flow Traders U.S. LLC purchased a new stake 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 Direxion Daily TSLA Bull 2X Shares during the first quarter worth $2,211,000.

Direxion Daily TSLA Bull 2X Shares Stock Up 2.0%

Shares of Direxion Daily TSLA Bull 2X Shares stock traded up $0.39 on Wednesday, reaching $19.64. 191,869,700 shares of the stock were exchanged, compared to its average volume of 163,010,938. Direxion Daily TSLA Bull 2X Shares has a twelve month low of $6.29 and a twelve month high of $41.50. The business has a 50 day moving average price of $12.68 and a two-hundred day moving average price of $11.61. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 88.55 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were issued a dividend of $0.0896 per share. The ex-dividend date was Tuesday, June 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08.

Direxion Daily TSLA Bull 2X Shares Company Profile