Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Up 9% – Time to Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLLGet Free Report)’s share price shot up 9% during mid-day trading on Thursday . The company traded as high as $22.89 and last traded at $22.7860. 49,627,957 shares changed hands during trading, a decline of 67% from the average session volume of 151,441,297 shares. The stock had previously closed at $20.91.

Direxion Daily TSLA Bull 2X Shares Trading Up 8.2%

The firm has a market capitalization of $8.45 billion, a P/E ratio of 88.55 and a beta of 2.85. The company’s fifty day moving average is $19.48 and its 200-day moving average is $15.76.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were issued a dividend of $0.5794 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 10.2%. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.09. The ex-dividend date was Wednesday, December 10th.

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

A number of hedge funds have recently made changes to their positions in TSLL. CacheTech Inc. lifted its stake in Direxion Daily TSLA Bull 2X Shares by 250.0% during the third quarter. CacheTech Inc. now owns 35,000 shares of the company’s stock worth $739,000 after purchasing an additional 25,000 shares during the period. Prelude Capital Management LLC bought a new position in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at $317,000. Mariner LLC grew its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 202.6% during the third quarter. Mariner LLC now owns 133,877 shares of the company’s stock worth $2,826,000 after purchasing an additional 89,641 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 477.7% in the third quarter. Mercer Global Advisors Inc. ADV now owns 67,300 shares of the company’s stock valued at $1,421,000 after buying an additional 55,650 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $13,256,000.

Direxion Daily TSLA Bull 2X Shares Company Profile

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