UBS Group AG Decreases Holdings in Direxion Daily TSLA Bull 2X Shares $TSLL

Key Points

• UBS Group AG reduced its stake in Direxion Daily TSLA Bull (NASDAQ:TSLL) by 34.3% in Q4, selling 2,722,393 shares and now holds 5,210,941 shares worth about $99.6 million (≈1.55% of the fund).
• TSLL is a leveraged ETF offering 1.5x exposure to Tesla; it opened at $13.07, has a 52-week range of $8.86–$23.74, a market cap of $5.37 billion, a PE of 88.55 and a beta of 2.61 (50-day SMA $13.03; 200-day SMA $16.77).
• The fund paid a quarterly dividend of $0.0994 on March 31 (annualized $0.40), implying a dividend yield of about 3.0%.

UBS Group AG lessened its stake in shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Free Report) by 34.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,210,941 shares of the company's stock after selling 2,722,393 shares during the period. UBS Group AG owned about 1.55% of Direxion Daily TSLA Bull 2X Shares worth $99,581,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. 180 Wealth Advisors LLC increased its holdings in Direxion Daily TSLA Bull 2X Shares by 5.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 19,942 shares of the company's stock worth $381,000 after buying an additional 1,000 shares during the last quarter. AE Wealth Management LLC increased its holdings in Direxion Daily TSLA Bull 2X Shares by 6.2% during the third quarter. AE Wealth Management LLC now owns 19,853 shares of the company's stock worth $419,000 after buying an additional 1,161 shares during the last quarter. TRUE Private Wealth Advisors increased its holdings in Direxion Daily TSLA Bull 2X Shares by 3.0% during the third quarter. TRUE Private Wealth Advisors now owns 45,171 shares of the company's stock worth $954,000 after buying an additional 1,317 shares during the last quarter. PayPay Securities Corp increased its holdings in Direxion Daily TSLA Bull 2X Shares by 143.1% during the fourth quarter. PayPay Securities Corp now owns 2,339 shares of the company's stock worth $45,000 after buying an additional 1,377 shares during the last quarter. Finally, Spire Wealth Management purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter worth about $30,000.

Direxion Daily TSLA Bull 2X Shares Stock Performance

NASDAQ TSLL opened at $13.07 on Friday. Direxion Daily TSLA Bull 2X Shares has a 52-week low of $8.86 and a 52-week high of $23.74. The company has a 50-day simple moving average of $13.03 and a 200 day simple moving average of $16.77. The company has a market capitalization of $5.37 billion, a PE ratio of 88.55 and a beta of 2.61.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.0994 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.40 annualized dividend and a dividend yield of 3.0%.

About Direxion Daily TSLA Bull 2X Shares

The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLL was launched on Aug 9, 2022 and is managed by Direxion.

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