Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Up 10% – Should You Buy?

Posted by Teresa Graham on Jan 15th, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s share price traded up 10% during trading on Wednesday . The stock traded as high as $28.88 and last traded at $28.72. 23,846,147 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 65,653,930 shares. The stock had previously closed at $26.10.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock’s fifty day simple moving average is $25.94 and its two-hundred day simple moving average is $16.47. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.1399 dividend. The ex-dividend date was Monday, December 23rd.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. TB Alternative Assets Ltd. purchased a new position in Direxion Daily TSLA Bull 2X Shares in the third quarter valued at about $2,794,000. Scientech Research LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at approximately $869,000. Citigroup Inc. acquired a new position in Direxion Daily TSLA Bull 2X Shares in the third quarter worth approximately $51,145,000. Sanctuary Advisors LLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the third quarter valued at approximately $152,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at approximately $213,000.