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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Unusually-High Trading Volume - Still a Buy?

Direxion Daily TSLA Bull 2X Shares logo with background

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) shares saw an uptick in trading volume on Thursday . 18,213,776 shares changed hands during trading, a decline of 58% from the previous session's volume of 42,888,785 shares.The stock last traded at $35.17 and had previously closed at $36.42.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company has a market capitalization of $6.73 billion, a P/E ratio of 40.38 and a beta of -5.14. The stock's fifty day moving average price is $21.35 and its 200-day moving average price is $14.48.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a $0.1399 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Morse Asset Management Inc acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at $119,000. AE Wealth Management LLC lifted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% during the 2nd quarter. AE Wealth Management LLC now owns 14,476 shares of the company's stock worth $133,000 after buying an additional 2,000 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $152,000. B. Riley Wealth Advisors Inc. acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $213,000. Finally, Garden State Investment Advisory Services LLC bought a new position in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $366,000.

About Direxion Daily TSLA Bull 2X Shares

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