Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Up 8.4% – Should You Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares were up 8.4% during mid-day trading on Friday . The stock traded as high as $26.41 and last traded at $26.22. Approximately 36,974,416 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 68,247,266 shares. The stock had previously closed at $24.19.

Direxion Daily TSLA Bull 2X Shares Trading Up 16.5 %

The company has a market cap of $4.92 billion, a P/E ratio of 40.38 and a beta of -5.14. The stock’s 50 day moving average is $23.95 and its 200-day moving average is $15.48.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.1399 dividend. The ex-dividend date was Monday, December 23rd.

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

A number of hedge funds have recently added to or reduced their stakes in TSLL. Morse Asset Management Inc purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at $119,000. AE Wealth Management LLC boosted its position in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% during the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock valued at $133,000 after buying an additional 2,000 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth about $152,000. B. Riley Wealth Advisors Inc. bought a new stake in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter worth about $213,000. Finally, Garden State Investment Advisory Services LLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at about $366,000.

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