Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL) Shares Gap Up – What’s Next?

Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $9.76, but opened at $10.36. Direxion Daily TSLA Bull 2X ETF shares last traded at $10.9120, with a volume of 19,857,972 shares.

Direxion Daily TSLA Bull 2X ETF Stock Up 13.0%

The business has a fifty day simple moving average of $9.59 and a 200 day simple moving average of $11.32. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85.

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

A number of large investors have recently made changes to their positions in the stock. Turner Financial Group Inc. purchased a new stake in shares of Direxion Daily TSLA Bull 2X ETF during the 2nd quarter worth approximately $3,646,000. Renaissance Technologies LLC grew its holdings in shares of Direxion Daily TSLA Bull 2X ETF by 2,438.5% in the 1st quarter. Renaissance Technologies LLC now owns 2,198,300 shares of the company’s stock worth $26,709,000 after acquiring an additional 2,111,700 shares during the period. Family Office Research LLC purchased a new position in Direxion Daily TSLA Bull 2X ETF in the 3rd quarter valued at approximately $477,000. Royal Bank of Canada increased its stake in Direxion Daily TSLA Bull 2X ETF by 36,531.8% in the 1st quarter. Royal Bank of Canada now owns 102,569 shares of the company’s stock valued at $1,246,000 after purchasing an additional 102,289 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in Direxion Daily TSLA Bull 2X ETF by 57.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 30,685 shares of the company’s stock valued at $434,000 after purchasing an additional 11,227 shares in the last quarter.

Direxion Daily TSLA Bull 2X ETF 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.