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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sets New 52-Week High - Here's Why

Direxion Daily TSLA Bull 2X Shares logo with background

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $41.50 and last traded at $33.55, with a volume of 113531672 shares traded. The stock had previously closed at $40.09.

Direxion Daily TSLA Bull 2X Shares Stock Down 2.2 %

The stock has a market cap of $6.29 billion, a P/E ratio of 40.38 and a beta of -5.14. The company's 50 day moving average price is $19.41 and its two-hundred day moving average price is $13.71.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.3004 per share. The ex-dividend date is Thursday, December 12th. This is a positive change from Direxion Daily TSLA Bull 2X Shares's previous dividend of $0.08.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Several institutional investors and hedge funds have recently made changes to their positions in TSLL. Traynor Capital Management Inc. raised its stake in Direxion Daily TSLA Bull 2X Shares by 14.4% in the second 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 in the last quarter. Beacon Capital Management LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth $120,000. AE Wealth Management LLC boosted its position in Direxion Daily TSLA Bull 2X Shares by 16.0% during the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company's stock valued at $133,000 after purchasing an additional 2,000 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the second quarter valued at about $366,000. Finally, Scientech Research LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at about $869,000.

About Direxion Daily TSLA Bull 2X Shares

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