Flow Traders U.S. LLC Invests $13.26 Million in Direxion Daily TSLA Bull 2X Shares $TSLL

Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) in the 3rd quarter, Holdings Channel reports. The fund purchased 627,938 shares of the company’s stock, valued at approximately $13,256,000. Direxion Daily TSLA Bull 2X Shares comprises approximately 0.5% of Flow Traders U.S. LLC’s portfolio, making the stock its 26th largest position.

A number of other large investors have also recently modified their holdings of the company. UBS Group AG grew its stake in Direxion Daily TSLA Bull 2X Shares by 9.0% in the third quarter. UBS Group AG now owns 7,933,334 shares of the company’s stock worth $167,473,000 after purchasing an additional 654,265 shares in the last quarter. Simplify Asset Management Inc. bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at $6,359,000. Snowden Capital Advisors LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at $2,136,000. Q Fund Management Hong Kong Ltd purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth $3,599,000. Finally, IMC Chicago LLC lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 60.7% in the 3rd quarter. IMC Chicago LLC now owns 429,436 shares of the company’s stock worth $9,065,000 after buying an additional 162,286 shares during the period.

Direxion Daily TSLA Bull 2X Shares Trading Down 2.1%

TSLL opened at $13.77 on Monday. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. Direxion Daily TSLA Bull 2X Shares has a 12-month low of $6.29 and a 12-month high of $23.74. The business’s fifty day simple moving average is $16.26 and its 200-day simple moving average is $18.04.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.1122 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.45 dividend on an annualized basis and a yield of 3.3%.

Direxion Daily TSLA Bull 2X Shares Profile

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.