Delta Investment Management LLC Makes New Investment in Direxion Daily TSLA Bull 2X Shares $TSLL

Key Points

• Delta Investment Management LLC has invested approximately $190,000 in 19,950 shares of Direxion Daily TSLA Bull 2X Shares during the first quarter, highlighting growing interest in the stock.
• The stock's performance has seen significant activity, with a current price of $13.50 and a market cap of $7.26 billion, reflecting a volatile 1-year range of $6.29 to $41.50.
• Direxion recently increased its quarterly dividend to $0.0896, up from the previous $0.08, resulting in an annualized yield of 2.7% for shareholders.

Delta Investment Management LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,950 shares of the company's stock, valued at approximately $190,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bison Wealth LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at approximately $1,514,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at approximately $551,000. Parallel Advisors LLC raised its position in shares of 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 valued at $69,000 after buying an additional 6,895 shares during the period. TB Alternative Assets Ltd. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at approximately $2,197,000. Finally, IMC Chicago LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at approximately $213,000.

Direxion Daily TSLA Bull 2X Shares Price Performance

Shares of TSLL stock traded down $0.91 during trading on Monday, hitting $12.29. 117,672,297 shares of the stock traded hands, compared to its average volume of 162,969,625. The firm has a market capitalization of $6.61 billion, a P/E ratio of 88.55 and a beta of -5.14. The firm's fifty day moving average price is $11.90 and its 200-day moving average price is $11.77. Direxion Daily TSLA Bull 2X Shares has a 52-week low of $6.29 and a 52-week high of $41.50.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were given a dividend of $0.0896 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 24th. 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