Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Reaches New 1-Year High – Here’s What Happened

Posted by Mitch Edgeman on Dec 19th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $41.50 and last traded at $33.55, with a volume of 113531672 shares. The stock had previously closed at $40.09.

Direxion Daily TSLA Bull 2X Shares Trading Down 16.3 %

The company has a 50 day simple moving average of $18.98 and a two-hundred day simple moving average of $13.57. The firm has a market capitalization of $6.44 billion, a P/E ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 12th will be given a dividend of $0.3004 per share. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous dividend of $0.08. The ex-dividend date is Thursday, December 12th.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Traynor Capital Management Inc. boosted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 14.4% during the 2nd quarter. Traynor Capital Management Inc. now owns 437,878 shares of the company’s stock valued at $4,028,000 after purchasing an additional 55,194 shares during the last quarter. Beacon Capital Management LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth about $120,000. AE Wealth Management LLC boosted its stake in Direxion Daily TSLA Bull 2X Shares by 16.0% during the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock valued at $133,000 after buying an additional 2,000 shares during the last quarter. Garden State Investment Advisory Services LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at approximately $366,000. Finally, Scientech Research LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter worth approximately $869,000.