Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Up 8.2% – Still a Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price were up 8.2% during trading on Tuesday . The company traded as high as $12.13 and last traded at $12.12. Approximately 12,262,649 shares traded hands during trading, a decline of 67% from the average daily volume of 36,879,391 shares. The stock had previously closed at $11.20.

Direxion Daily TSLA Bull 2X Shares Price Performance

The company has a market cap of $2.35 billion, a PE ratio of 40.38 and a beta of -5.14. The business’s 50 day moving average is $11.13 and its 200-day moving average is $10.00.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.0803 per share. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Tuesday, September 24th.

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

Several large investors have recently bought and sold shares of the business. Traynor Capital Management Inc. lifted its holdings in Direxion Daily TSLA Bull 2X Shares by 14.4% during the 2nd quarter. Traynor Capital Management Inc. now owns 437,878 shares of the company’s stock worth $4,028,000 after buying an additional 55,194 shares during the last quarter. TB Alternative Assets Ltd. purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter worth approximately $2,794,000. Clarity Capital Partners LLC boosted its holdings in Direxion Daily TSLA Bull 2X Shares by 112.8% in the first quarter. Clarity Capital Partners LLC now owns 156,790 shares of the company’s stock valued at $1,272,000 after purchasing an additional 83,110 shares in the last quarter. Scientech Research LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at approximately $869,000. Finally, Virtu Financial LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $522,000.

Direxion Daily TSLA Bull 2X Shares Company Profile