Scientech Research LLC Makes New $2.21 Million Investment in Direxion Daily TSLA Bull 2X Shares $TSLL

Key Points

• Scientech Research LLC acquired approximately $2.21 million in Direxion Daily TSLA Bull 2X Shares, now making it about 0.6% of their portfolio.
• The recent price performance indicates that TSLL stock opened at $13.51 and has a market capitalization of $7.26 billion.
• Direxion Daily TSLA Bull 2X Shares announced a dividend increase to $0.0896 per share, reflecting a 2.7% yield for investors.

Scientech Research LLC bought a new position in 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 institutional investor bought 232,272 shares of the company's stock, valued at approximately $2,211,000. Direxion Daily TSLA Bull 2X Shares comprises about 0.6% of Scientech Research LLC's portfolio, making the stock its 10th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Beaird Harris Wealth Management LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 1st quarter worth $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter valued at approximately $33,000. Atticus Wealth Management LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter valued at approximately $35,000. Headlands Technologies LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at about $52,000. Finally, Parallel Advisors LLC boosted its position in Direxion Daily TSLA Bull 2X Shares by 1,723.8% during the first quarter. Parallel Advisors LLC now owns 7,295 shares of the company's stock valued at $69,000 after purchasing an additional 6,895 shares in the last quarter.

Direxion Daily TSLA Bull 2X Shares Stock Performance

NASDAQ:TSLL traded up $1.83 during mid-day trading on Friday, hitting $16.66. 210,010,843 shares of the company's stock traded hands, compared to its average volume of 161,451,594. The company has a fifty day moving average of $12.03 and a 200 day moving average of $11.47. Direxion Daily TSLA Bull 2X Shares has a twelve month low of $6.29 and a twelve month high of $41.50. The company has a market capitalization of $8.96 billion, a P/E ratio of 88.55 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were given a $0.0896 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.2%. This is a positive change from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, June 24th.

Direxion Daily TSLA Bull 2X Shares Company Profile