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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price gapped up before the market opened 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.

The newly announced dividend which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.0845 per share. This represents a $0.34 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Tuesday, March 25th. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

Direxion Daily TSLA Bull 2X Shares Trading Down 11.0 %

The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 43.99 and a beta of -5.14. The stock has a 50-day simple moving average of $17.73 and a 200-day simple moving average of $18.86.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. PayPay Securities Corp bought a new position in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $50,000. Bank of Montreal Can acquired a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $92,000. Morse Asset Management Inc bought a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter valued at $119,000. Sanctuary Advisors LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth $152,000. Finally, Optiver Holding B.V. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth about $240,000.

About Direxion Daily TSLA Bull 2X Shares