Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading 8.4% Higher – Here’s Why

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price traded up 8.4% on Friday . The stock traded as high as $26.41 and last traded at $26.22. 36,974,416 shares were traded during trading, a decline of 46% from the average session volume of 68,247,266 shares. The stock had previously closed at $24.19.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The firm’s 50-day moving average price is $23.66 and its two-hundred day moving average price is $15.34. The firm has a market cap of $5.27 billion, a PE ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

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

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

Several institutional investors have recently bought and sold shares of TSLL. AE Wealth Management LLC increased its stake 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 period. Garden State Investment Advisory Services LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth $366,000. Scientech Research LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at about $869,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth $213,000. Finally, TB Alternative Assets Ltd. purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $2,794,000.

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