Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Up 8.2% – Should You Buy?

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) traded up 8.2% on Tuesday . The company traded as high as $12.13 and last traded at $12.12. 12,262,649 shares changed hands 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 Stock Performance

The company has a market cap of $2.35 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The firm’s 50 day simple moving average is $11.13 and its 200-day simple moving average is $10.00.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently declared 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. The ex-dividend date was Tuesday, September 24th. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a yield of 2.62%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at $54,000. Beacon Capital Management LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the second quarter worth about $120,000. AE Wealth Management LLC raised its stake in Direxion Daily TSLA Bull 2X Shares by 16.0% during the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock worth $133,000 after purchasing an additional 2,000 shares during the period. 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 purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at approximately $366,000.

About Direxion Daily TSLA Bull 2X Shares