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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) was the target of unusually large options trading on Monday. Traders bought 133,925 call options on the stock. This represents an increase of 16% compared to the typical volume of 115,476 call options.

Direxion Daily TSLA Bull 2X Shares Stock Up 18.3 %

Shares of NASDAQ TSLL traded up $1.66 during midday trading on Monday, reaching $10.70. The company had a trading volume of 127,441,299 shares, compared to its average volume of 63,381,865. Direxion Daily TSLA Bull 2X Shares has a one year low of $4.94 and a one year high of $41.50. The firm’s fifty day moving average price is $18.73 and its 200-day moving average price is $18.90. The stock has a market cap of $2.07 billion, a PE ratio of 43.99 and a beta of -5.14.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TSLL. Citigroup Inc. purchased a new position in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at about $51,145,000. Simplex Trading LLC increased its holdings in Direxion Daily TSLA Bull 2X Shares by 230.3% during the 4th quarter. Simplex Trading LLC now owns 465,134 shares of the company’s stock valued at $12,805,000 after purchasing an additional 324,332 shares during the period. Barclays PLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $7,433,000. SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $5,752,000. Finally, Lauer Wealth LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $5,285,000.

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