257,501 Shares in Direxion Daily TSLA Bull 2X Shares $TSLL Acquired by Turner Financial Group Inc.

Key Points

• Turner Financial Group Inc. purchased 257,501 shares of Direxion Daily TSLA Bull 2X Shares (TSLL) during the second quarter, valued at approximately $3.65 million. The position represents about 3.6% of the firm’s portfolio and 0.06% of TSLL’s outstanding shares.
• Several other institutional investors recently initiated or increased positions in TSLL, including Federation des caisses Desjardins du Quebec, which raised its stake by 232.8%.
• TSLL opened at $9.15, below its 50-day and 200-day moving averages, with a 52-week range of $6.70 to $23.74. The ETF provides leveraged daily exposure to Tesla’s stock performance and carries a beta of 2.84.

Turner Financial Group Inc. purchased a new position in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 257,501 shares of the company's stock, valued at approximately $3,646,000. Direxion Daily TSLA Bull 2X Shares makes up approximately 3.6% of Turner Financial Group Inc.'s portfolio, making the stock its 6th largest position. Turner Financial Group Inc. owned 0.06% of Direxion Daily TSLA Bull 2X Shares as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Anfield Capital Management LLC increased its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 100.0% during the fourth quarter. Anfield Capital Management LLC now owns 2,000 shares of the company's stock valued at $38,000 after acquiring an additional 1,000 shares in the last quarter. BOKF NA bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth $46,000. Summit Securities Group LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter worth $36,000. Bessemer Group Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at $48,000. Finally, Federation des caisses Desjardins du Quebec increased its stake in Direxion Daily TSLA Bull 2X Shares by 232.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,825 shares of the company's stock valued at $92,000 after purchasing an additional 3,375 shares in the last quarter.

Direxion Daily TSLA Bull 2X Shares Trading Down 11.8%

TSLL opened at $9.15 on Friday. The company's fifty day moving average price is $9.92 and its two-hundred day moving average price is $12.33. Direxion Daily TSLA Bull 2X Shares has a 1-year low of $6.70 and a 1-year high of $23.74. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 88.55 and a beta of 2.84.

About Direxion Daily TSLA Bull 2X Shares

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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