Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Large Volume Increase – What’s Next?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares saw unusually-strong trading volume on Tuesday . Approximately 65,780,520 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 56,758,044 shares.The stock last traded at $7.80 and had previously closed at $7.38.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock has a market capitalization of $1.51 billion, a P/E ratio of 38.91 and a beta of -5.14. The stock’s fifty day moving average is $22.00 and its 200-day moving average is $18.96.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.1399 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares

A number of institutional investors have recently modified their holdings of TSLL. Citigroup Inc. acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at $51,145,000. Simplex Trading LLC grew its position in shares of Direxion Daily TSLA Bull 2X Shares by 230.3% in the fourth quarter. Simplex Trading LLC now owns 465,134 shares of the company’s stock valued at $12,805,000 after purchasing an additional 324,332 shares during the last quarter. Barclays PLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth about $7,433,000. SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $5,752,000. Finally, Lauer Wealth LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at approximately $5,285,000.

Direxion Daily TSLA Bull 2X Shares Company Profile