Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Up 8.7% – Still a Buy?

Posted by Patrick Bannon on Nov 24th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) shares were up 8.7% on Friday . The stock traded as high as $22.90 and last traded at $22.64. Approximately 37,252,425 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 40,961,301 shares. The stock had previously closed at $20.83.

Direxion Daily TSLA Bull 2X Shares Trading Up 7.7 %

The company has a market cap of $4.30 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The business’s 50 day moving average price is $13.72 and its 200-day moving average price is $11.12.

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 dividend of $0.0803 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a yield of 1.43%.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $119,000. TRUE Private Wealth Advisors increased its position in Direxion Daily TSLA Bull 2X Shares by 5.0% during the 3rd quarter. TRUE Private Wealth Advisors now owns 46,046 shares of the company’s stock worth $636,000 after buying an additional 2,204 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 7.3% during the third quarter. Captrust Financial Advisors now owns 47,753 shares of the company’s stock worth $660,000 after buying an additional 3,246 shares in the last quarter. Citigroup Inc. bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at about $51,145,000. Finally, TB Alternative Assets Ltd. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at about $2,794,000.