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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading 8.2% Higher - Should You Buy?

Direxion Daily TSLA Bull 2X Shares logo with background

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) shares shot up 8.2% on Tuesday . The stock traded as high as $12.13 and last traded at $12.12. 12,262,649 shares were traded during mid-day trading, a decline of 67% from the average session volume of 36,879,391 shares. The stock had previously closed at $11.20.

Direxion Daily TSLA Bull 2X Shares Price Performance

The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The stock's 50 day moving average price is $11.19 and its two-hundred day moving average price is $10.05.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were given a dividend of $0.0803 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.68%. The ex-dividend date was Tuesday, September 24th. This is a boost from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08.

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

Several hedge funds have recently modified their holdings of the business. Traynor Capital Management Inc. increased its stake in Direxion Daily TSLA Bull 2X Shares by 14.4% during the second quarter. Traynor Capital Management Inc. now owns 437,878 shares of the company's stock valued at $4,028,000 after acquiring an additional 55,194 shares during the period. TB Alternative Assets Ltd. acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter worth $2,794,000. Clarity Capital Partners LLC increased its holdings in Direxion Daily TSLA Bull 2X Shares by 112.8% in the 1st quarter. Clarity Capital Partners LLC now owns 156,790 shares of the company's stock valued at $1,272,000 after buying an additional 83,110 shares during the period. Scientech Research LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at $869,000. Finally, Virtu Financial LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth about $522,000.

Direxion Daily TSLA Bull 2X Shares Company Profile

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Should you invest $1,000 in Direxion Daily TSLA Bull 2X Shares right now?

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