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

Posted by Donna Armstrong on Nov 15th, 2024

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $19.71, but opened at $20.61. Direxion Daily TSLA Bull 2X Shares shares last traded at $20.94, with a volume of 27,176,162 shares changing hands.

Direxion Daily TSLA Bull 2X Shares Stock Down 11.6 %

The business has a fifty day simple moving average of $12.32 and a two-hundred day simple moving average of $10.55. The company has a market cap of $3.38 billion, a P/E ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a $0.0803 dividend. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.32 dividend on an annualized basis and a yield of 1.82%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. TRUE Private Wealth Advisors lifted its holdings in Direxion Daily TSLA Bull 2X Shares by 5.0% in the third quarter. TRUE Private Wealth Advisors now owns 46,046 shares of the company’s stock valued at $636,000 after acquiring an additional 2,204 shares during the period. Captrust Financial Advisors raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 7.3% in the third 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. Citigroup Inc. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter worth about $51,145,000. TB Alternative Assets Ltd. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter worth about $2,794,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth about $213,000.