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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw strong trading volume on Monday after the company announced a dividend. 47,279,611 shares were traded 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. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.0845 per share. This is a boost 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 annualized dividend and a yield of 2.85%.

Direxion Daily TSLA Bull 2X Shares Stock Up 6.2 %

The stock has a 50-day simple moving average of $18.13 and a 200 day simple moving average of $18.91. The company has a market cap of $2.29 billion, a PE ratio of 43.99 and a beta of -5.14.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TSLL. Simplex Trading LLC increased its position in shares of Direxion Daily TSLA Bull 2X Shares by 230.3% during the fourth quarter. Simplex Trading LLC now owns 465,134 shares of the company’s stock valued at $12,805,000 after acquiring an additional 324,332 shares during the last quarter. Barclays PLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at approximately $7,433,000. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at approximately $5,752,000. Lauer Wealth LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $5,285,000. Finally, Simplify Asset Management Inc. acquired a new position in Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth $5,014,000.

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