Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sets New 12-Month High – Time to Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $23.54 and last traded at $23.54, with a volume of 6913637 shares changing hands. The stock had previously closed at $22.43.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock has a market cap of $3.95 billion, a PE ratio of 40.38 and a beta of -5.14. The firm’s 50-day moving average is $14.12 and its 200 day moving average is $11.36.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a dividend of $0.0803 per share. This is an increase 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 dividend yield of 1.56%.

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

Several institutional investors have recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors increased its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 2.7% in the second quarter. TRUE Private Wealth Advisors now owns 43,842 shares of the company’s stock valued at $403,000 after purchasing an additional 1,142 shares during the period. AE Wealth Management LLC increased its stake in shares of 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 acquiring an additional 2,000 shares during the period. Captrust Financial Advisors raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 7.3% during 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 in the last quarter. Morse Asset Management Inc acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the third quarter valued at $119,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at about $152,000.

Direxion Daily TSLA Bull 2X Shares Company Profile