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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $18.16, but opened at $19.09. Direxion Daily TSLA Bull 2X Shares shares last traded at $19.85, with a volume of 27,449,642 shares.

Direxion Daily TSLA Bull 2X Shares Trading Up 8.8 %

The company’s fifty day moving average is $28.04 and its 200-day moving average is $18.19. The firm has a market capitalization of $3.82 billion, a P/E ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

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

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

A number of institutional investors have recently made changes to their positions in TSLL. SG Americas Securities LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at approximately $916,000. Sloy Dahl & Holst LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $2,352,000. JPMorgan Chase & Co. boosted its position in shares of Direxion Daily TSLA Bull 2X Shares by 248.3% in the third quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company’s stock valued at $2,192,000 after acquiring an additional 113,068 shares during the period. TB Alternative Assets Ltd. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter worth $2,794,000. Finally, Lauer Wealth LLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth $5,285,000.

About Direxion Daily TSLA Bull 2X Shares