Direxion Daily TSLA Bull 2X Shares Target of Unusually High Options Trading (NASDAQ:TSLL)

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) was the recipient of unusually large options trading on Friday. Traders purchased 210,953 call options on the company. This represents an increase of 73% compared to the typical volume of 122,138 call options.

Direxion Daily TSLA Bull 2X Shares Stock Up 10.0%

Shares of Direxion Daily TSLA Bull 2X Shares stock traded up $0.89 during trading on Friday, hitting $9.77. 134,419,133 shares of the stock traded hands, compared to its average volume of 80,382,750. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 88.55 and a beta of 2.79. Direxion Daily TSLA Bull 2X Shares has a 52 week low of $6.70 and a 52 week high of $23.74. The firm’s fifty day moving average is $10.65 and its 200-day moving average is $12.81.

Direxion Daily TSLA Bull 2X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.1049 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.42 annualized dividend and a yield of 4.3%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 2,438.5% in the 1st quarter. Renaissance Technologies LLC now owns 2,198,300 shares of the company’s stock worth $26,709,000 after acquiring an additional 2,111,700 shares during the last quarter. Bank of Montreal Can raised its position in Direxion Daily TSLA Bull 2X Shares by 1,541.0% in the 4th quarter. Bank of Montreal Can now owns 1,476,100 shares of the company’s stock worth $28,208,000 after purchasing an additional 1,386,150 shares during the period. UBS Group AG raised its position in Direxion Daily TSLA Bull 2X Shares by 9.0% in the 3rd 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 during the period. Virtu Financial LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $5,913,000. Finally, Sloy Dahl & Holst LLC lifted its stake in Direxion Daily TSLA Bull 2X Shares by 19.0% in the fourth quarter. Sloy Dahl & Holst LLC now owns 1,688,402 shares of the company’s stock worth $32,265,000 after purchasing an additional 269,324 shares during the last quarter.

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.