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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Up 4.4% - Time to Buy?

Direxion Daily TSLA Bull 2X Shares logo with background

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) rose 4.4% during trading on Friday . The stock traded as high as $18.60 and last traded at $18.39. Approximately 43,364,270 shares changed hands during trading, an increase of 8% from the average daily volume of 40,261,840 shares. The stock had previously closed at $17.61.

Direxion Daily TSLA Bull 2X Shares Stock Up 6.2 %

The stock has a market capitalization of $3.59 billion, a PE ratio of 40.38 and a beta of -5.14. The stock's 50-day moving average is $12.64 and its 200 day moving average is $10.66.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a dividend of $0.0803 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.72%. This is a positive change from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, September 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TSLL. Citigroup Inc. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $51,145,000. TB Alternative Assets Ltd. bought a new position in Direxion Daily TSLA Bull 2X Shares during the third quarter valued at approximately $2,794,000. Scientech Research LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at approximately $869,000. Virtu Financial LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the first quarter worth approximately $522,000. Finally, Traynor Capital Management Inc. increased its stake in shares of 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 purchasing an additional 55,194 shares during the last quarter.

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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