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

On December 25th, 2024, Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw its stock price gap up before the market opened on Monday after the announcement of a new dividend. The share price had closed at $30.48 and opened at $31.81. The most recent trade for TSLL shares was at $29.62, with a substantial trading volume of 21,135,284 shares.

The newly declared dividend is scheduled to be paid on Tuesday, December 31st. For investors on record as of Monday, December 23rd, a dividend of $0.1399 will be issued. The ex-dividend date also falls on December 23rd.

Stock Performance Highlights

The stock of Direxion Daily TSLA Bull 2X Shares has shown a remarkable performance, gaining 14.3% over recent trading sessions. Its 50-day moving average currently stands at $20.28, while the 200-day moving average is recorded at $14.13. The company boasts a market capitalization of $6.99 billion, a price-to-earnings ratio of 40.38, and a beta of -5.14, indicating a unique risk profile.

Investor Activity in TSLL

Recent trading activity has attracted attention from institutional investors and hedge funds, who have increased their stakes in Direxion Daily TSLA Bull 2X Shares. Notably, Morse Asset Management Inc. acquired a new stake worth approximately $119,000 during the third quarter. Sanctuary Advisors LLC and AE Wealth Management LLC also made new investments, securing positions valued at $152,000 and boosting their holdings by 16.0% respectively during the second quarter. Other prominent firms like B. Riley Wealth Advisors Inc. and Garden State Investment Advisory Services LLC have also entered the fray, acquiring stakes valued at $213,000 and $366,000 respectively in the same period.

About Direxion Daily TSLA Bull 2X Shares

Direxion Daily TSLA Bull 2X Shares offers investors a leveraged approach to gain exposure to Tesla's stock performance. With its unique investment strategy, it allows investors to potentially realize higher returns in rising markets while increasing their risk exposure.

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Direxion, TSLA, Dividend