Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Up 6.6% – Should You Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) were up 6.6% during trading on Monday . The company traded as high as $12.52 and last traded at $12.39. Approximately 18,148,623 shares traded hands during trading, a decline of 77% from the average session volume of 78,414,250 shares. The stock had previously closed at $11.62.

Direxion Daily TSLA Bull 2X Shares Trading Up 12.7%

The company has a market capitalization of $5.38 billion, a PE ratio of 88.55 and a beta of 2.67. The stock’s fifty day moving average is $13.85 and its two-hundred day moving average is $15.35.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be paid a $0.1049 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, June 23rd.

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

A number of hedge funds have recently modified their holdings of TSLL. Bison Wealth LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $1,514,000. NewEdge Advisors LLC raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 255.7% in the first quarter. NewEdge Advisors LLC now owns 38,240 shares of the company’s stock valued at $364,000 after buying an additional 27,490 shares during the period. Jump Financial LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter valued at $126,000. Snowden Capital Advisors LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at $2,136,000. Finally, Captrust Financial Advisors lifted its position in shares of Direxion Daily TSLA Bull 2X Shares by 27.7% during the 2nd quarter. Captrust Financial Advisors now owns 78,116 shares of the company’s stock valued at $923,000 after buying an additional 16,938 shares during the last quarter.

Direxion Daily TSLA Bull 2X Shares Company Profile

The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLL was launched on Aug 9, 2022 and is managed by Direxion.