Simplex Trading LLC Has $2.59 Million Position in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)

Key Points

• Simplex Trading LLC has decreased its holdings in Direxion Daily TSLA Bull 2X Shares by 41.4%, selling 192,755 shares, and now owns approximately 0.06% of the company worth $2,593,000.
• Several institutional investors, including Strategic Investment Solutions Inc. and Atticus Wealth Management LLC, have recently initiated positions in TSLL shares, indicating growing institutional interest.
• The company has announced an increase in its quarterly dividend to $0.0896 per share, up from $0.08, resulting in an annualized yield of 2.8% for shareholders.

Simplex Trading LLC cut its position in shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Free Report) by 41.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 272,379 shares of the company's stock after selling 192,755 shares during the quarter. Simplex Trading LLC owned 0.06% of Direxion Daily TSLA Bull 2X Shares worth $2,593,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TSLL. Sloy Dahl & Holst LLC grew its stake in Direxion Daily TSLA Bull 2X Shares by 1,301.8% in the first quarter. Sloy Dahl & Holst LLC now owns 1,197,704 shares of the company's stock valued at $11,402,000 after purchasing an additional 1,112,265 shares in the last quarter. Barclays PLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $7,433,000. TB Alternative Assets Ltd. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $2,197,000. JBF Capital Inc. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $764,000. Finally, Bison Wealth LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $1,514,000.

Direxion Daily TSLA Bull 2X Shares Trading Down 2.9%

Shares of TSLL traded down $0.36 during mid-day trading on Friday, reaching $12.19. The company's stock had a trading volume of 115,726,098 shares, compared to its average volume of 166,221,953. Direxion Daily TSLA Bull 2X Shares has a 1-year low of $6.29 and a 1-year high of $41.50. The stock has a market cap of $6.55 billion, a P/E ratio of 88.55 and a beta of -5.14. The business has a 50-day simple moving average of $11.85 and a two-hundred day simple moving average of $12.51.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were given a $0.0896 dividend. 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 dividend yield of 2.9%.

Direxion Daily TSLA Bull 2X Shares Company Profile