Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Up 8.7% – Should You Buy?

Posted by Hanz Christensen on Nov 22nd, 2024

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) traded up 8.7% on Friday . The company traded as high as $22.90 and last traded at $22.64. 37,252,425 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 40,961,301 shares. The stock had previously closed at $20.83.

Direxion Daily TSLA Bull 2X Shares Stock Up 7.3 %

The company has a 50 day simple moving average of $13.49 and a 200 day simple moving average of $11.02. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a dividend of $0.0803 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

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

Several large investors have recently modified their holdings of the business. Morse Asset Management Inc bought a new position in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $119,000. TRUE Private Wealth Advisors increased 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 worth $636,000 after purchasing an additional 2,204 shares in the last quarter. Captrust Financial Advisors lifted its stake in 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 valued at $660,000 after buying an additional 3,246 shares during the period. Citigroup Inc. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $51,145,000. Finally, TB Alternative Assets Ltd. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at $2,794,000.