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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw some unusual options trading on Tuesday. Stock traders acquired 118,897 call options on the stock. This represents an increase of approximately 18% compared to the typical daily volume of 100,546 call options.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLL. PayPay Securities Corp purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at approximately $50,000. Bank of Montreal Can bought a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at $92,000. Morse Asset Management Inc purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the third quarter worth $119,000. Sanctuary Advisors LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth $152,000. Finally, Optiver Holding B.V. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at $240,000.

Direxion Daily TSLA Bull 2X Shares Stock Performance

NASDAQ TSLL traded down $3.25 on Tuesday, hitting $14.09. 136,217,061 shares of the stock were exchanged, compared to its average volume of 70,285,477. Direxion Daily TSLA Bull 2X Shares has a 52-week low of $4.94 and a 52-week high of $41.50. The firm has a market capitalization of $3.42 billion, a P/E ratio of 38.91 and a beta of 2.24. The stock has a fifty day moving average price of $26.38 and a two-hundred day moving average price of $18.80.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.1399 per share. The ex-dividend date of this dividend was Monday, December 23rd.

About Direxion Daily TSLA Bull 2X Shares