Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Unusually-High Trading Volume - Still a Buy?
Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) experienced unusually high trading volume, with 105,381,300 shares traded, a 34% increase from the previous session. The stock is currently priced at $8.37, down from $8.41. The company has a market cap of $4.34 billion and a P/E ratio of 47.43. A quarterly dividend of $0.0845 was recently declared, reflecting a yield of 3.99%. Several institutional investors have increased their stakes in TSLL, indicating growing interest in the stock.
Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) saw unusually-high trading volume on Monday . Approximately 105,381,300 shares changed hands during trading, an increase of 34% from the previous session's volume of 78,646,144 shares.The stock last traded at $8.37 and had previously closed at $8.41.
Direxion Daily TSLA Bull 2X Shares Trading Up 0.6 %
The stock has a market cap of $4.34 billion, a P/E ratio of 47.43 and a beta of -5.14. The business's fifty day simple moving average is $12.70 and its 200 day simple moving average is $18.62.
Direxion Daily TSLA Bull 2X Shares Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a $0.0845 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.99%. This is a positive change from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of TSLL. PayPay Securities Corp bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth $50,000. Parallel Advisors LLC raised its holdings in Direxion Daily TSLA Bull 2X Shares by 1,723.8% during the 1st quarter. Parallel Advisors LLC now owns 7,295 shares of the company's stock worth $69,000 after purchasing an additional 6,895 shares during the last quarter. Bank of Montreal Can acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at about $92,000. Morse Asset Management Inc acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at about $119,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at about $152,000.
About Direxion Daily TSLA Bull 2X Shares
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