Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading 6.1% Higher – Time to Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price shot up 6.1% on Wednesday . The company traded as high as $20.88 and last traded at $21.22. 10,977,184 shares changed hands during trading, a decline of 84% from the average session volume of 66,672,180 shares. The stock had previously closed at $20.01.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The business has a 50-day simple moving average of $27.69 and a two-hundred day simple moving average of $18.43.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

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

Institutional Investors Weigh In On Direxion Daily TSLA Bull 2X Shares

Several large investors have recently made changes to their positions in the stock. Citigroup Inc. bought a new position in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth $51,145,000. Captrust Financial Advisors increased its position in Direxion Daily TSLA Bull 2X Shares by 7.3% during the 3rd quarter. Captrust Financial Advisors now owns 47,753 shares of the company’s stock worth $660,000 after buying an additional 3,246 shares during the period. TRUE Private Wealth Advisors increased its position in Direxion Daily TSLA Bull 2X Shares by 5.0% during the 3rd quarter. TRUE Private Wealth Advisors now owns 46,046 shares of the company’s stock worth $636,000 after buying an additional 2,204 shares during the period. Morse Asset Management Inc bought a new position in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth $119,000. Finally, Sanctuary Advisors LLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth $152,000.

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