Chung Wu Investment Group LLC Takes $289,000 Position in Direxion Daily TSLA Bull 2X Shares $TSLL

Key Points

• Chung Wu Investment Group LLC has acquired 24,500 shares of Direxion Daily TSLA Bull 2X Shares ($TSLL), amounting to a new investment of approximately $289,000 during the second quarter.
• Other hedge funds have also shown interest, with several acquiring new positions in the first quarter, including Beaird Harris Wealth Management and Strategic Investment Solutions.
• Direxion Daily TSLA Bull 2X Shares recently cut its quarterly dividend to $0.0893 per share, with a yield of 1.8%, a change that may impact investor sentiment.

Chung Wu Investment Group LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 24,500 shares of the company's stock, valued at approximately $289,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at about $33,000. Atticus Wealth Management LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter worth about $35,000. Headlands Technologies LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the first quarter worth approximately $52,000. Finally, Parallel Advisors LLC grew its holdings in Direxion Daily TSLA Bull 2X Shares by 1,723.8% during the 1st quarter. Parallel Advisors LLC now owns 7,295 shares of the company's stock worth $69,000 after acquiring an additional 6,895 shares in the last quarter.

Direxion Daily TSLA Bull 2X Shares Trading Down 2.9%

Shares of TSLL opened at $19.63 on Monday. Direxion Daily TSLA Bull 2X Shares has a twelve month low of $6.29 and a twelve month high of $41.50. The firm's fifty day simple moving average is $14.75 and its 200-day simple moving average is $12.56. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 88.55 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.0893 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 23rd.

Direxion Daily TSLA Bull 2X Shares Profile

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