Formidable Asset Management LLC Invests $243,000 in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)

Formidable Asset Management LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,500 shares of the company's stock, valued at approximately $243,000.

A number of other large investors also recently modified their holdings of the business. Simplex Trading LLC grew its holdings in Direxion Daily TSLA Bull 2X Shares by 230.3% during the fourth quarter. Simplex Trading LLC now owns 465,134 shares of the company's stock worth $12,805,000 after acquiring an additional 324,332 shares during the period. Barclays PLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $7,433,000. TB Alternative Assets Ltd. acquired a new position in Direxion Daily TSLA Bull 2X Shares during the first quarter worth about $2,197,000. Simplify Asset Management Inc. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at $5,014,000. Finally, Bison Wealth LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at $1,514,000.

Direxion Daily TSLA Bull 2X Shares Stock Performance

Shares of NASDAQ:TSLL traded down $2.45 during midday trading on Thursday, reaching $10.21. The company had a trading volume of 200,785,882 shares, compared to its average volume of 168,229,188. Direxion Daily TSLA Bull 2X Shares has a 1-year low of $6.29 and a 1-year high of $41.50. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 88.55 and a beta of -5.14. The company has a fifty day simple moving average of $12.78 and a two-hundred day simple moving average of $14.45.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were given a dividend of $0.0896 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This is a positive change from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 3.51%.

Direxion Daily TSLA Bull 2X Shares Profile