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

Posted by Stacy Sanders on Nov 6th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $11.98, but opened at $15.14. Direxion Daily TSLA Bull 2X Shares shares last traded at $14.50, with a volume of 88,974,877 shares traded.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock has a market cap of $2.97 billion, a P/E ratio of 40.38 and a beta of -5.14. The company’s 50 day moving average price is $11.19 and its 200-day moving average price is $10.05.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a $0.0803 dividend. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, September 24th. This represents a $0.32 annualized dividend and a yield of 2.07%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $54,000. Beacon Capital Management LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter valued at $120,000. AE Wealth Management LLC lifted its position in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% during the 2nd quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock valued at $133,000 after buying an additional 2,000 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth $213,000. Finally, Garden State Investment Advisory Services LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter worth about $366,000.