Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading 10.2% Higher – Should You Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s share price shot up 10.2% during mid-day trading on Monday . The company traded as high as $13.58 and last traded at $13.55. 31,521,794 shares were traded during mid-day trading, a decline of 60% from the average session volume of 78,530,063 shares. The stock had previously closed at $12.30.

Direxion Daily TSLA Bull 2X Shares Stock Up 12.4%

The firm has a market capitalization of $4.78 billion, a PE ratio of 88.55 and a beta of 2.70. The firm’s fifty day simple moving average is $13.87 and its 200-day simple moving average is $15.11.

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Direxion Daily TSLA Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.1049 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.42 annualized dividend and a dividend yield of 3.0%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSLL. Anfield Capital Management LLC boosted its stake in Direxion Daily TSLA Bull 2X Shares by 100.0% during the 4th quarter. Anfield Capital Management LLC now owns 2,000 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 5.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 19,942 shares of the company’s stock valued at $381,000 after purchasing an additional 1,000 shares in the last quarter. SOA Wealth Advisors LLC. lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 17.3% during the first quarter. SOA Wealth Advisors LLC. now owns 6,783 shares of the company’s stock valued at $82,000 after purchasing an additional 1,000 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Direxion Daily TSLA Bull 2X Shares by 19.4% during the first quarter. Parallel Advisors LLC now owns 7,892 shares of the company’s stock valued at $96,000 after buying an additional 1,281 shares during the last quarter. Finally, TRUE Private Wealth Advisors increased its holdings in Direxion Daily TSLA Bull 2X Shares by 3.0% in the 3rd quarter. TRUE Private Wealth Advisors now owns 45,171 shares of the company’s stock worth $954,000 after buying an additional 1,317 shares in the last quarter.

Direxion Daily TSLA Bull 2X Shares Company Profile

(Get Free Report)

The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLL was launched on Aug 9, 2022 and is managed by Direxion.

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