Direxion Daily TSLA Bull 2X Shares Sees Unusually High Options Volume (NASDAQ:TSLL)

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw unusually large options trading on Tuesday. Traders bought 209,233 call options on the company. This is an increase of 24% compared to the average volume of 169,013 call options.

Direxion Daily TSLA Bull 2X Shares Price Performance

Direxion Daily TSLA Bull 2X Shares stock opened at $14.11 on Wednesday. The stock’s 50 day moving average is $9.34 and its 200 day moving average is $18.32. The firm has a market cap of $6.62 billion, a P/E ratio of 60.69 and a beta of 2.63. Direxion Daily TSLA Bull 2X Shares has a one year low of $6.29 and a one year high of $41.50.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.0845 dividend. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Tuesday, March 25th.

Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in TSLL. Sloy Dahl & Holst LLC lifted its stake in shares of 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 worth $11,402,000 after acquiring an additional 1,112,265 shares during the period. Virtu Financial LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $4,375,000. Simplex Trading LLC lifted its stake in Direxion Daily TSLA Bull 2X Shares by 230.3% in the fourth quarter. Simplex Trading LLC now owns 465,134 shares of the company’s stock valued at $12,805,000 after buying an additional 324,332 shares during the period. Barclays PLC acquired a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $7,433,000. Finally, TB Alternative Assets Ltd. acquired a new position in Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $2,197,000.

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