Direxion Daily TSLA Bull 2X Shares Target of Unusually High Options Trading (NASDAQ:TSLL)

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw unusually large options trading activity on Wednesday. Stock traders purchased 86,409 call options on the stock. This is an increase of 30% compared to the typical daily volume of 66,551 call options.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TRUE Private Wealth Advisors boosted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 2.7% during the second quarter. TRUE Private Wealth Advisors now owns 43,842 shares of the company’s stock valued at $403,000 after acquiring an additional 1,142 shares during the period. AE Wealth Management LLC increased its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% in the 2nd quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock valued at $133,000 after purchasing an additional 2,000 shares during the period. Headlands Technologies LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at about $54,000. Beacon Capital Management LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $120,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at approximately $213,000.

Direxion Daily TSLA Bull 2X Shares Price Performance

TSLL stock traded up $3.31 during midday trading on Wednesday, reaching $15.29. 125,357,047 shares of the company’s stock traded hands, compared to its average volume of 37,470,953. The company has a market capitalization of $2.93 billion, a P/E ratio of 40.38 and a beta of -5.14. Direxion Daily TSLA Bull 2X Shares has a fifty-two week low of $4.94 and a fifty-two week high of $16.85. The business has a 50-day moving average price of $11.19 and a two-hundred day moving average price of $10.05.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a $0.0803 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Tuesday, September 24th. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

Direxion Daily TSLA Bull 2X Shares Company Profile