Direxion Daily TSLA Bull 2X Shares Target of Unusually Large Options Trading (NASDAQ:TSLL)

Posted by MarketBeat News on Nov 7th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) was the target of some unusual options trading on Wednesday. Stock traders purchased 86,409 call options on the stock. This is an increase of 30% compared to the average volume of 66,551 call options.

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

Large investors have recently bought and sold shares of the business. Traynor Capital Management Inc. lifted its position in Direxion Daily TSLA Bull 2X Shares by 14.4% during the second quarter. Traynor Capital Management Inc. now owns 437,878 shares of the company’s stock valued at $4,028,000 after purchasing an additional 55,194 shares during the period. TB Alternative Assets Ltd. bought a new position in Direxion Daily TSLA Bull 2X Shares in the third quarter valued at about $2,794,000. Scientech Research LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the second quarter worth about $869,000. Virtu Financial LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at about $522,000. Finally, TRUE Private Wealth Advisors grew its stake in shares of Direxion Daily TSLA Bull 2X Shares by 2.7% during the 2nd quarter. TRUE Private Wealth Advisors now owns 43,842 shares of the company’s stock valued at $403,000 after purchasing an additional 1,142 shares during the period.

Direxion Daily TSLA Bull 2X Shares Trading Up 29.3 %

Shares of TSLL opened at $15.49 on Thursday. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The business’s fifty day simple moving average is $11.32 and its two-hundred day simple moving average is $10.09. Direxion Daily TSLA Bull 2X Shares has a 12 month low of $4.94 and a 12 month high of $16.85.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were given a dividend of $0.0803 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a dividend yield of 2.07%.