Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Unusually-High Trading Volume After Dividend Announcement

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares saw unusually-strong trading volume on Monday after the company announced a dividend. Approximately 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. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.0845 per share. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, March 25th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.85%.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock has a market capitalization of $2.29 billion, a PE ratio of 43.99 and a beta of -5.14. The company’s 50 day moving average price is $18.13 and its two-hundred day moving average price is $18.91.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $551,000. Bison Wealth LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at $1,514,000. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth $240,000. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 13.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 26,926 shares of the company’s stock worth $741,000 after acquiring an additional 3,294 shares during the period. Finally, Barclays PLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at about $7,433,000.

About Direxion Daily TSLA Bull 2X Shares