Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Up 8.2% – Still a Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price rose 8.2% during mid-day trading on Tuesday . The company traded as high as $12.13 and last traded at $12.12. Approximately 12,262,649 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 36,879,391 shares. The stock had previously closed at $11.20.

Direxion Daily TSLA Bull 2X Shares Stock Up 29.3 %

The company has a market capitalization of $2.97 billion, a P/E ratio of 40.38 and a beta of -5.14. The firm has a fifty day simple moving average of $11.32 and a 200-day simple moving average of $10.09.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a dividend of $0.0803 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.07%. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, September 24th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. TB Alternative Assets Ltd. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth $2,794,000. Headlands Technologies LLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth about $54,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at about $522,000. Scientech Research LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter valued at about $869,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter worth about $213,000.

Direxion Daily TSLA Bull 2X Shares Company Profile