Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Hits New 52-Week High Following Dividend Announcement

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) reached a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as $32.00 and last traded at $31.02, with a volume of 17703659 shares trading hands. The stock had previously closed at $31.98.

The newly announced dividend which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th will be paid a $0.3004 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous dividend of $0.08.

Direxion Daily TSLA Bull 2X Shares Price Performance

The firm has a market capitalization of $6.38 billion, a P/E ratio of 40.38 and a beta of -5.14. The company’s 50 day moving average price is $17.05 and its 200 day moving average price is $12.74.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TSLL. Morse Asset Management Inc bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth $119,000. Sanctuary Advisors LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $152,000. Beacon Capital Management LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at about $120,000. AE Wealth Management LLC lifted its position in Direxion Daily TSLA Bull 2X Shares by 16.0% during the 2nd quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock valued at $133,000 after purchasing an additional 2,000 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $213,000.

About Direxion Daily TSLA Bull 2X Shares