Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Up 7.5% – Time to Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price were up 7.5% on Wednesday . The company traded as high as $12.46 and last traded at $12.41. Approximately 47,111,816 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 75,812,219 shares. The stock had previously closed at $11.54.

Direxion Daily TSLA Bull 2X Shares Trading Up 13.1%

The firm’s fifty day moving average price is $13.76 and its 200-day moving average price is $17.39. The company has a market cap of $4.94 billion, a P/E ratio of 88.55 and a beta of 2.92.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.0994 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.40 annualized dividend and a yield of 3.0%.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Several institutional investors have recently modified their holdings of TSLL. Virtu Financial LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at $5,913,000. Mariner LLC boosted its stake in Direxion Daily TSLA Bull 2X Shares by 63.7% during the fourth quarter. Mariner LLC now owns 219,178 shares of the company’s stock worth $4,188,000 after buying an additional 85,301 shares in the last quarter. Headlands Technologies LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at $3,071,000. Summit Financial LLC raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 10.1% in the 4th quarter. Summit Financial LLC now owns 114,860 shares of the company’s stock valued at $2,195,000 after buying an additional 10,532 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 232.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,825 shares of the company’s stock valued at $92,000 after buying an additional 3,375 shares in the last quarter.

About Direxion Daily TSLA Bull 2X Shares

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.