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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading 10% Higher - Still a Buy?

Direxion Daily TSLA Bull 2X Shares logo with background

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) were up 10% on Wednesday . The company traded as high as $28.88 and last traded at $28.72. Approximately 23,846,147 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 65,653,930 shares. The stock had previously closed at $26.10.

Direxion Daily TSLA Bull 2X Shares Trading Up 15.8 %

The company has a fifty day moving average of $26.23 and a 200-day moving average of $16.56. The stock has a market cap of $5.58 billion, a PE ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.1399 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares

Several institutional investors have recently modified their holdings of TSLL. Morse Asset Management Inc acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at $119,000. AE Wealth Management LLC raised its position in Direxion Daily TSLA Bull 2X Shares by 16.0% in the 2nd 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. Sanctuary Advisors LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at about $152,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $213,000. Finally, Client First Investment Management LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $327,000.

Direxion Daily TSLA Bull 2X Shares Company Profile

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