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

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) gapped up prior to trading on Monday . The stock had previously closed at $15.43, but opened at $16.28. Direxion Daily TSLA Bull 2X Shares shares last traded at $17.1980, with a volume of 37,629,164 shares trading hands.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The firm’s 50 day simple moving average is $19.70 and its 200-day simple moving average is $15.12. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were given a dividend of $0.0893 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $0.36 dividend on an annualized basis and a yield of 2.0%.

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

Large investors have recently made changes to their positions in the stock. Beaird Harris Wealth Management LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter worth about $25,000. Spire Wealth Management purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth about $30,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter worth $33,000. Toth Financial Advisory Corp boosted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 99.2% in the third quarter. Toth Financial Advisory Corp now owns 1,657 shares of the company’s stock valued at $35,000 after buying an additional 825 shares in the last quarter. Finally, BOKF NA acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth $46,000.

About Direxion Daily TSLA Bull 2X Shares