Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Up 4.4% – Should You Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares shot up 4.4% during mid-day trading on Friday . The stock traded as high as $18.60 and last traded at $18.39. 43,364,270 shares were traded during mid-day trading, an increase of 8% from the average session volume of 40,261,840 shares. The stock had previously closed at $17.61.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company’s fifty day simple moving average is $12.64 and its two-hundred day simple moving average is $10.66. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a $0.0803 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.72%. This is an increase 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

Large investors have recently bought and sold shares of the company. TRUE Private Wealth Advisors increased its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 2.7% in the 2nd quarter. TRUE Private Wealth Advisors now owns 43,842 shares of the company’s stock valued at $403,000 after acquiring an additional 1,142 shares during the last quarter. AE Wealth Management LLC increased 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 valued at $133,000 after purchasing an additional 2,000 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Direxion Daily TSLA Bull 2X Shares by 7.3% in the 3rd quarter. Captrust Financial Advisors now owns 47,753 shares of the company’s stock worth $660,000 after buying an additional 3,246 shares during the last quarter. Morse Asset Management Inc bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth about $119,000. Finally, Beacon Capital Management LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $120,000.

Direxion Daily TSLA Bull 2X Shares Company Profile