Stevens Capital Management LP Has $2.42 Million Holdings in Direxion Daily TSLA Bull 2X Shares $TSLL

Stevens Capital Management LP increased its position in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) by 97.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,479 shares of the company’s stock after acquiring an additional 62,549 shares during the quarter. Stevens Capital Management LP’s holdings in Direxion Daily TSLA Bull 2X Shares were worth $2,417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Spire Wealth Management acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at about $30,000. BOKF NA acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $46,000. PayPay Securities Corp boosted its stake in Direxion Daily TSLA Bull 2X Shares by 143.1% during the 4th quarter. PayPay Securities Corp now owns 2,339 shares of the company’s stock valued at $45,000 after purchasing an additional 1,377 shares during the period. Hollencrest Capital Management boosted its stake in 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 valued at $211,000 after purchasing an additional 7,800 shares during the period. Finally, Prime Capital Investment Advisors LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at approximately $211,000.

Direxion Daily TSLA Bull 2X Shares Stock Down 1.7%

Shares of NASDAQ TSLL opened at $12.96 on Wednesday. The business’s 50 day moving average is $12.98 and its two-hundred day moving average is $16.70. The company has a market cap of $5.33 billion, a P/E ratio of 88.55 and a beta of 2.60. Direxion Daily TSLA Bull 2X Shares has a 12 month low of $8.86 and a 12 month high of $23.74.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.0994 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.40 annualized dividend and a dividend yield of 3.1%.

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.