Q Fund Management Hong Kong Ltd Takes Position in Direxion Daily TSLA Bull 2X Shares $TSLL

Q Fund Management Hong Kong Ltd bought a new position in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 170,500 shares of the company’s stock, valued at approximately $3,599,000. Direxion Daily TSLA Bull 2X Shares accounts for approximately 2.5% of Q Fund Management Hong Kong Ltd’s holdings, making the stock its 11th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Spire Wealth Management acquired a new position in Direxion Daily TSLA Bull 2X Shares in the third quarter worth $30,000. Toth Financial Advisory Corp increased its stake in 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 valued at $35,000 after buying an additional 825 shares during the period. SOA Wealth Advisors LLC. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter worth approximately $85,000. Hollencrest Capital Management grew its position in Direxion Daily TSLA Bull 2X Shares by 355.4% in the third quarter. Hollencrest Capital Management now owns 9,995 shares of the company’s stock worth $211,000 after buying an additional 7,800 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter valued at $126,000.

Direxion Daily TSLA Bull 2X Shares Stock Up 6.5%

Shares of NASDAQ TSLL opened at $17.11 on Friday. The stock’s fifty day simple moving average is $19.20 and its 200 day simple moving average is $17.28. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. Direxion Daily TSLA Bull 2X Shares has a 52-week low of $6.29 and a 52-week high of $28.72.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.1122 per share. 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 2.6%.

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.