UBS Group AG Trims Stock Holdings in Direxion Daily TSLA Bull 2X Shares $TSLL

UBS Group AG decreased its holdings in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) by 34.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,210,941 shares of the company’s stock after selling 2,722,393 shares during the period. UBS Group AG’s holdings in Direxion Daily TSLA Bull 2X Shares were worth $99,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of TSLL. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter worth about $13,256,000. Snowden Capital Advisors LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth about $2,136,000. Q Fund Management Hong Kong Ltd purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter worth about $3,599,000. IMC Chicago LLC increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 60.7% in the third quarter. IMC Chicago LLC now owns 429,436 shares of the company’s stock worth $9,065,000 after purchasing an additional 162,286 shares in the last quarter. Finally, Mariner LLC increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 202.6% in the third quarter. Mariner LLC now owns 133,877 shares of the company’s stock worth $2,826,000 after purchasing an additional 89,641 shares in the last quarter.

Direxion Daily TSLA Bull 2X Shares Stock Up 4.8%

TSLL opened at $13.07 on Friday. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 88.55 and a beta of 2.61. The firm has a 50-day moving average price of $13.03 and a 200-day moving average price of $16.77. Direxion Daily TSLA Bull 2X Shares has a twelve month low of $8.86 and a twelve month high of $23.74.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a dividend of $0.0994 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.40 annualized dividend and a yield of 3.0%.

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.