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

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) gapped up before the market opened on Tuesday following a dividend announcement from the company. 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 trading hands.

The newly announced dividend which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.0845 per share. The ex-dividend date is Tuesday, March 25th. 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 dividend yield of 3.20%.

Direxion Daily TSLA Bull 2X Shares Price Performance

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

Institutional Investors Weigh In On Direxion Daily TSLA Bull 2X Shares

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

Direxion Daily TSLA Bull 2X Shares Company Profile