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

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLLGet Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $9.37, but opened at $9.83. Direxion Daily TSLA Bull 2X Shares shares last traded at $10.2360, with a volume of 26,184,133 shares.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company has a market capitalization of $3.91 billion, a PE ratio of 88.55 and a beta of 2.84. The company has a 50 day moving average price of $9.92 and a 200 day moving average price of $12.33.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TSLL. Summit Securities Group LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter worth about $36,000. Anfield Capital Management LLC grew its position in shares of Direxion Daily TSLA Bull 2X Shares by 100.0% in the 4th quarter. Anfield Capital Management LLC now owns 2,000 shares of the company’s stock worth $38,000 after acquiring an additional 1,000 shares in the last quarter. BOKF NA bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at approximately $46,000. Bessemer Group Inc. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at approximately $48,000. Finally, SOA Wealth Advisors LLC. raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 17.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 6,783 shares of the company’s stock valued at $82,000 after acquiring an additional 1,000 shares in the last quarter.

Direxion Daily TSLA Bull 2X Shares Company Profile

(Get Free Report)

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.

Further Reading

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