Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL) Shares Gap Up – Here’s Why

by · The Markets Daily

Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL – Get Free Report)’s share price gapped up before the market opened on Friday. The stock had previously closed at $10.25, but opened at $10.62. Direxion Daily TSLA Bull 2X ETF shares last traded at $10.0140, with a volume of 29,460,903 shares changing hands.

Direxion Daily TSLA Bull 2X ETF Trading Down 3.3%

The firm’s 50-day simple moving average is $9.03 and its 200 day simple moving average is $11.79. The stock has a market cap of $3.91 billion, a P/E ratio of 88.55 and a beta of 2.84.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in Direxion Daily TSLA Bull 2X ETF by 2,438.5% during the 1st quarter. Renaissance Technologies LLC now owns 2,198,300 shares of the company’s stock valued at $26,709,000 after acquiring an additional 2,111,700 shares in the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily TSLA Bull 2X ETF during the 4th quarter worth $5,913,000. Turner Financial Group Inc. bought a new position in shares of Direxion Daily TSLA Bull 2X ETF in the second quarter worth $3,646,000. Royal Bank of Canada grew its stake in shares of Direxion Daily TSLA Bull 2X ETF by 36,531.8% in the first quarter. Royal Bank of Canada now owns 102,569 shares of the company’s stock worth $1,246,000 after purchasing an additional 102,289 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Direxion Daily TSLA Bull 2X ETF by 70.7% during the fourth quarter. HighTower Advisors LLC now owns 55,313 shares of the company’s stock valued at $1,057,000 after purchasing an additional 22,902 shares during the period.

About Direxion Daily TSLA Bull 2X ETF

(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.

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