Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading 4.7% Higher – Here’s Why

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price traded up 4.7% on Friday . The company traded as high as $32.60 and last traded at $32.06. Approximately 23,159,256 shares were traded during trading, a decline of 44% from the average session volume of 41,582,363 shares. The stock had previously closed at $30.62.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company’s 50 day moving average price is $17.47 and its 200-day moving average price is $12.92. The company has a market cap of $6.38 billion, a PE ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th will be paid a $0.3004 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous dividend of $0.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TSLL. Morse Asset Management Inc purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter valued at about $119,000. Beacon Capital Management LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter valued at approximately $120,000. AE Wealth Management LLC lifted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% during 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 in the last quarter. Sanctuary Advisors LLC bought a new position in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth approximately $152,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at approximately $213,000.

Direxion Daily TSLA Bull 2X Shares Company Profile