Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Large Volume Increase Following Dividend Announcement

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares saw an uptick in trading volume on Monday after the company announced a dividend. 47,279,611 shares changed hands during trading, a decline of 25% from the previous session’s volume of 63,119,978 shares.The stock last traded at $10.44 and had previously closed at $9.04.

The newly announced dividend which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a $0.0845 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.34 dividend on an annualized basis and a yield of 2.85%. 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 Stock Performance

The company has a market cap of $2.29 billion, a price-to-earnings ratio of 43.99 and a beta of -5.14. The company’s fifty day moving average is $18.13 and its two-hundred day moving average is $18.91.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Simplify Asset Management Inc. purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at $5,014,000. SG Americas Securities LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at about $916,000. Sloy Dahl & Holst LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth about $2,352,000. JPMorgan Chase & Co. grew its holdings in Direxion Daily TSLA Bull 2X Shares by 248.3% during the third quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company’s stock worth $2,192,000 after acquiring an additional 113,068 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at approximately $5,752,000.

About Direxion Daily TSLA Bull 2X Shares