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 - ) saw unusually large options trading activity on Friday. Traders bought 334,259 call options on the stock. This is an increase of 36% compared to the average daily volume of 246,515 call options.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Several large investors have recently modified their holdings of the company. Sloy Dahl & Holst LLC boosted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 16.7% during the 2nd quarter. Sloy Dahl & Holst LLC now owns 1,397,733 shares of the company's stock worth $16,507,000 after buying an additional 200,029 shares during the period. Simplex Trading LLC boosted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 199.8% during the 2nd quarter. Simplex Trading LLC now owns 816,632 shares of the company's stock worth $9,644,000 after buying an additional 544,253 shares during the period. Virtu Financial LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth $4,375,000. SBI Securities Co. Ltd. raised its stake in Direxion Daily TSLA Bull 2X Shares by 72.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 430,252 shares of the company's stock valued at $5,081,000 after purchasing an additional 180,551 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at $3,067,000.

Direxion Daily TSLA Bull 2X Shares Stock Up 15.0%

TSLL stock traded up $2.23 during trading hours on Friday, hitting $17.06. The company's stock had a trading volume of 246,299,885 shares, compared to its average volume of 161,705,500. The stock has a 50 day moving average price of $12.03 and a two-hundred day moving average price of $11.47. Direxion Daily TSLA Bull 2X Shares has a 12 month low of $6.29 and a 12 month high of $41.50. The company has a market capitalization of $9.17 billion, a PE ratio of 88.55 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were issued a dividend of $0.0896 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $0.36 annualized dividend and a dividend yield of 2.1%. This is an increase from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08.

About Direxion Daily TSLA Bull 2X Shares

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