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

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) gapped up prior to trading on Friday . The stock had previously closed at $16.06, but opened at $16.75. Direxion Daily TSLA Bull 2X Shares shares last traded at $16.7420, with a volume of 19,603,129 shares.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. The business has a fifty day moving average of $19.20 and a 200 day moving average of $17.32.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a $0.1122 dividend. This represents a $0.45 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, December 23rd.

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

A number of institutional investors have recently modified their holdings of TSLL. Spire Wealth Management acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $30,000. Toth Financial Advisory Corp grew its holdings in Direxion Daily TSLA Bull 2X Shares by 99.2% in the 3rd quarter. Toth Financial Advisory Corp now owns 1,657 shares of the company’s stock valued at $35,000 after buying an additional 825 shares during the last quarter. BOKF NA bought a new position in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth approximately $46,000. PayPay Securities Corp lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 143.1% during the fourth quarter. PayPay Securities Corp now owns 2,339 shares of the company’s stock worth $45,000 after buying an additional 1,377 shares during the last quarter. Finally, Hollencrest Capital Management boosted its position in shares of Direxion Daily TSLA Bull 2X Shares by 355.4% in the third quarter. Hollencrest Capital Management now owns 9,995 shares of the company’s stock valued at $211,000 after acquiring an additional 7,800 shares during the period.

Direxion Daily TSLA Bull 2X Shares Company Profile

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.