Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Unusually-High Trading Volume – Here’s Why

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw an uptick in trading volume on Monday . 38,610,873 shares were traded during mid-day trading, a decline of 52% from the previous session’s volume of 80,561,918 shares.The stock last traded at $6.59 and had previously closed at $7.67.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The firm has a 50-day moving average of $11.41 and a 200-day moving average of $18.44. The firm has a market capitalization of $3.50 billion, a P/E ratio of 48.19 and a beta of 2.66.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.0845 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.34 annualized dividend and a dividend yield of 5.09%. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. PayPay Securities Corp bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth approximately $50,000. Bank of Montreal Can bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at approximately $92,000. Parallel Advisors LLC raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 1,723.8% in the first quarter. Parallel Advisors LLC now owns 7,295 shares of the company’s stock valued at $69,000 after acquiring an additional 6,895 shares during the period. Morse Asset Management Inc bought a new stake in Direxion Daily TSLA Bull 2X Shares in the third quarter worth about $119,000. Finally, Optiver Holding B.V. bought a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at $240,000.

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