Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Up 10.2% – Time to Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price rose 10.2% during mid-day trading on Monday . The company traded as high as $13.58 and last traded at $13.55. 31,521,794 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 78,530,063 shares. The stock had previously closed at $12.30.

Direxion Daily TSLA Bull 2X Shares Price Performance

The company has a 50 day moving average price of $13.92 and a 200 day moving average price of $14.99. The firm has a market cap of $4.14 billion, a PE ratio of 88.55 and a beta of 2.70.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1049 dividend. This represents a $0.42 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TSLL. Dakota Community Bank & Trust NA acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the first quarter valued at about $283,000. SOA Wealth Advisors LLC. increased its position in Direxion Daily TSLA Bull 2X Shares by 17.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 6,783 shares of the company’s stock worth $82,000 after purchasing an additional 1,000 shares during the period. Royal Bank of Canada raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 36,531.8% during the 1st quarter. Royal Bank of Canada now owns 102,569 shares of the company’s stock worth $1,246,000 after buying an additional 102,289 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 2,438.5% during the 1st quarter. Renaissance Technologies LLC now owns 2,198,300 shares of the company’s stock worth $26,709,000 after buying an additional 2,111,700 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 19.4% in the 1st quarter. Parallel Advisors LLC now owns 7,892 shares of the company’s stock valued at $96,000 after buying an additional 1,281 shares during the period.

About Direxion Daily TSLA Bull 2X Shares

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.