Shares of Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL – Get Free Report) gapped up prior to trading on Friday. The stock had previously closed at $9.32, but opened at $9.65. Direxion Daily TSLA Bull 2X ETF shares last traded at $9.0760, with a volume of 52,854,994 shares trading hands.
Direxion Daily TSLA Bull 2X ETF Stock Down 5.4%
The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. The stock’s fifty day moving average is $9.42 and its 200-day moving average is $11.40.
Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in TSLL. Renaissance Technologies LLC boosted its position in shares of Direxion Daily TSLA Bull 2X ETF by 2,438.5% during the first quarter. Renaissance Technologies LLC now owns 2,198,300 shares of the company’s stock worth $26,709,000 after purchasing an additional 2,111,700 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X ETF in the 4th quarter valued at $5,913,000. Turner Financial Group Inc. bought a new stake in shares of Direxion Daily TSLA Bull 2X ETF in the 2nd quarter valued at $3,646,000. Royal Bank of Canada increased its position in shares of Direxion Daily TSLA Bull 2X ETF by 36,531.8% in the 1st quarter. Royal Bank of Canada now owns 102,569 shares of the company’s stock valued at $1,246,000 after buying an additional 102,289 shares in the last quarter. Finally, Discipline Wealth Solutions LLC increased its position in shares of Direxion Daily TSLA Bull 2X ETF by 15.1% in the 1st quarter. Discipline Wealth Solutions LLC now owns 51,189 shares of the company’s stock valued at $622,000 after buying an additional 6,710 shares in the last quarter.
Direxion Daily TSLA Bull 2X ETF Company Profile
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.
Featured Articles
- Five stocks we like better than Direxion Daily TSLA Bull 2X ETF
- Bank of America Stock Sell-Off Looks Like a Buying Opportunity
- AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff?
- GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
- Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?
Receive News & Ratings for Direxion Daily TSLA Bull 2X ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily TSLA Bull 2X ETF and related companies with MarketBeat.com's FREE daily email newsletter.
