Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading 8.4% Higher – Should You Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price rose 8.4% during trading on Friday . The stock traded as high as $26.41 and last traded at $26.22. Approximately 36,974,416 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 68,247,266 shares. The stock had previously closed at $24.19.

Direxion Daily TSLA Bull 2X Shares Price Performance

The company has a 50-day moving average of $23.66 and a two-hundred day moving average of $15.34. The stock has a market capitalization of $5.27 billion, a PE ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

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

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

Institutional investors have recently bought and sold shares of the business. Morse Asset Management Inc acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth $119,000. AE Wealth Management LLC lifted its position 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 purchasing an additional 2,000 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth $152,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter worth $213,000. Finally, Garden State Investment Advisory Services LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter worth $366,000.

About Direxion Daily TSLA Bull 2X Shares