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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Unusually-High Trading Volume - Should You Buy?

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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) shares saw strong trading volume on Monday . 103,908,452 shares were traded during mid-day trading, an increase of 43% from the previous session's volume of 72,632,890 shares.The stock last traded at $6.52 and had previously closed at $7.94.

Direxion Daily TSLA Bull 2X Shares Price Performance

The business's 50-day moving average price is $12.70 and its 200-day moving average price is $18.58. The firm has a market capitalization of $4.32 billion, a PE ratio of 47.43 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.0845 per share. This is an increase from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Simplify Asset Management Inc. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $5,014,000. SG Americas Securities LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at approximately $916,000. Sloy Dahl & Holst LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at approximately $2,352,000. JPMorgan Chase & Co. increased its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 248.3% in the third quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company's stock valued at $2,192,000 after purchasing an additional 113,068 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth approximately $5,752,000.

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About Direxion Daily TSLA Bull 2X Shares

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Further Reading

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