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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Up 3.5% - Time to Buy?

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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) shares traded up 3.5% on Friday . The stock traded as high as $8.68 and last traded at $8.45. 80,237,768 shares were traded during trading, a decline of 23% from the average session volume of 103,751,695 shares. The stock had previously closed at $8.16.

Direxion Daily TSLA Bull 2X Shares Trading Up 6.2 %

The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 43.99 and a beta of -5.14. The company has a fifty day moving average price of $18.13 and a 200-day moving average price of $18.91.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a $0.0845 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This is an increase from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a yield of 2.85%.

Institutional Investors Weigh In On Direxion Daily TSLA Bull 2X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Simplify Asset Management Inc. purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth $5,014,000. SG Americas Securities LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth about $916,000. Sloy Dahl & Holst LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $2,352,000. JPMorgan Chase & Co. boosted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 248.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company's stock worth $2,192,000 after acquiring an additional 113,068 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at about $5,752,000.

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About Direxion Daily TSLA Bull 2X Shares

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Should You Invest $1,000 in Direxion Daily TSLA Bull 2X Shares Right Now?

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