Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading 4.7% Higher – Still a Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price were up 4.7% during mid-day trading on Friday . The stock traded as high as $32.60 and last traded at $32.06. Approximately 23,159,256 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 41,582,363 shares. The stock had previously closed at $30.62.

Direxion Daily TSLA Bull 2X Shares Stock Up 5.4 %

The company has a market capitalization of $6.19 billion, a P/E ratio of 40.38 and a beta of -5.14. The firm has a fifty day simple moving average of $17.05 and a 200-day simple moving average of $12.74.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.3004 per share. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous dividend of $0.08. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Citigroup Inc. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth about $51,145,000. Traynor Capital Management Inc. boosted its position in Direxion Daily TSLA Bull 2X Shares by 14.4% during the second quarter. Traynor Capital Management Inc. now owns 437,878 shares of the company’s stock valued at $4,028,000 after purchasing an additional 55,194 shares during the last quarter. TB Alternative Assets Ltd. acquired a new position in Direxion Daily TSLA Bull 2X Shares during the third quarter valued at approximately $2,794,000. Scientech Research LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the second quarter valued at approximately $869,000. Finally, Captrust Financial Advisors boosted its position in 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 valued at $660,000 after purchasing an additional 3,246 shares during the last quarter.

About Direxion Daily TSLA Bull 2X Shares