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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Up After Dividend Announcement

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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) gapped up prior to trading on Tuesday after the company announced a dividend. The stock had previously closed at $11.16, but opened at $11.50. Direxion Daily TSLA Bull 2X Shares shares last traded at $10.93, with a volume of 81,265,766 shares traded.

The newly announced dividend which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be paid a $0.0845 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 3.43%. This is a boost from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, March 25th.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock has a market capitalization of $1.90 billion, a PE ratio of 43.99 and a beta of -5.14. The company's fifty day simple moving average is $16.98 and its two-hundred day simple moving average is $18.80.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at $551,000. Bison Wealth LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at $1,514,000. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at $240,000. Tower Research Capital LLC TRC raised its stake in Direxion Daily TSLA Bull 2X Shares by 13.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 26,926 shares of the company's stock valued at $741,000 after purchasing an additional 3,294 shares during the last quarter. Finally, Barclays PLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $7,433,000.

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About Direxion Daily TSLA Bull 2X Shares

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