Stock Traders Purchase High Volume of Call Options on Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)

Key Points

• TSLL saw unusually heavy options activity on Friday, with investors buying 159,188 call options, about 34% above the typical volume.
• The ETF’s shares rose $1.00 to $15.47 on strong trading volume of 105.8 million shares, well above its average volume.
• Direxion Daily TSLA Bull 2X Shares recently paid a quarterly dividend of $0.0994 per share, and several institutional investors have also been adjusting their TSLL positions.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - ) was the target of unusually large options trading on Friday. Stock investors purchased 159,188 call options on the company. This is an increase of 34% compared to the typical volume of 119,216 call options.

Direxion Daily TSLA Bull 2X Shares Price Performance

TSLL stock traded up $1.00 on Friday, reaching $15.47. The company's stock had a trading volume of 105,817,066 shares, compared to its average volume of 81,312,250. 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 market capitalization of $6.36 billion, a P/E ratio of 88.55 and a beta of 2.60. The firm has a fifty day moving average of $12.95 and a two-hundred day moving average of $16.62.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.0994 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, March 24th.

Institutional Investors Weigh In On Direxion Daily TSLA Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of TSLL. Bison Wealth LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at $1,514,000. NewEdge Advisors LLC lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 255.7% in the first quarter. NewEdge Advisors LLC now owns 38,240 shares of the company's stock valued at $364,000 after purchasing an additional 27,490 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth $126,000. Snowden Capital Advisors LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth $2,136,000. Finally, Captrust Financial Advisors increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 27.7% in the second quarter. Captrust Financial Advisors now owns 78,116 shares of the company's stock worth $923,000 after acquiring an additional 16,938 shares during the last quarter.

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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