Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Up 8.5% – Still a Buy?

by · The Cerbat Gem

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) shot up 8.5% on Wednesday . The stock traded as high as $7.58 and last traded at $7.36. 94,688,058 shares traded hands during mid-day trading, an increase of 26% from the average session volume of 75,129,020 shares. The stock had previously closed at $6.79.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company has a market capitalization of $3.67 billion, a PE ratio of 47.43 and a beta of -5.14. The stock has a 50 day moving average price of $13.03 and a two-hundred day moving average price of $18.62.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a dividend of $0.0845 per share. This represents a $0.34 annualized dividend and a yield of 4.02%. The ex-dividend date was Tuesday, March 25th. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Large investors have recently added to or reduced their stakes in the business. Simplify Asset Management Inc. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at $5,014,000. SG Americas Securities LLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at about $916,000. Sloy Dahl & Holst LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth about $2,352,000. JPMorgan Chase & Co. boosted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 248.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company’s stock worth $2,192,000 after acquiring an additional 113,068 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at about $5,752,000.

About Direxion Daily TSLA Bull 2X Shares

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