Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Up 8.7% – Here’s Why

Posted by Lars Charter on Nov 22nd, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) shares rose 8.7% on Friday . The company traded as high as $22.90 and last traded at $22.64. Approximately 37,252,425 shares changed hands during trading, a decline of 9% from the average daily volume of 40,961,301 shares. The stock had previously closed at $20.83.

Direxion Daily TSLA Bull 2X Shares Stock Up 7.3 %

The stock has a fifty day simple moving average of $13.49 and a 200-day simple moving average of $11.02. The company has a market capitalization of $4.29 billion, a P/E ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.0803 dividend. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, September 24th. This represents a $0.32 annualized dividend and a yield of 1.44%.

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

Several large investors have recently modified their holdings of the business. Morse Asset Management Inc acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at about $119,000. Beacon Capital Management LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $120,000. AE Wealth Management LLC grew its position in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% during the 2nd 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 in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter worth approximately $213,000. Finally, Garden State Investment Advisory Services LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter valued at approximately $366,000.