Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Up – Still a Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares gapped up before the market opened on Wednesday . The stock had previously closed at $28.59, but opened at $29.84. Direxion Daily TSLA Bull 2X Shares shares last traded at $29.41, with a volume of 12,888,334 shares.

Direxion Daily TSLA Bull 2X Shares Trading Up 6.1 %

The business’s fifty day moving average price is $16.29 and its 200 day moving average price is $12.48. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a $0.0803 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, September 24th.

Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares

Institutional investors have recently added to or reduced their stakes in the stock. Morse Asset Management Inc acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $119,000. Beacon Capital Management LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter worth $120,000. AE Wealth Management LLC grew its position in Direxion Daily TSLA Bull 2X Shares by 16.0% in the 2nd quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock valued at $133,000 after buying an additional 2,000 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at $152,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth $213,000.

Direxion Daily TSLA Bull 2X Shares Company Profile