SBI Securities Co. Ltd. Decreases Stake in Direxion Daily TSLA Bull 2X Shares $TSLL

SBI Securities Co. Ltd. cut its position in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) by 17.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 353,337 shares of the company’s stock after selling 76,915 shares during the period. SBI Securities Co. Ltd. owned 0.09% of Direxion Daily TSLA Bull 2X Shares worth $7,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TSLL. Spire Wealth Management acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth $30,000. Toth Financial Advisory Corp boosted its position in shares of Direxion Daily TSLA Bull 2X Shares by 99.2% during the 3rd quarter. Toth Financial Advisory Corp now owns 1,657 shares of the company’s stock worth $35,000 after acquiring an additional 825 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $126,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $159,000. Finally, Hollencrest Capital Management raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 355.4% during the 3rd quarter. Hollencrest Capital Management now owns 9,995 shares of the company’s stock worth $211,000 after acquiring an additional 7,800 shares in the last quarter.

Direxion Daily TSLA Bull 2X Shares Stock Down 7.5%

TSLL stock opened at $15.17 on Thursday. The business has a 50 day moving average price of $19.09 and a 200 day moving average price of $17.41. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. Direxion Daily TSLA Bull 2X Shares has a fifty-two week low of $6.29 and a fifty-two week high of $24.49.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a $0.1122 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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.