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

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) gapped up before the market opened on Tuesday . The stock had previously closed at $37.38, but opened at $39.46. Direxion Daily TSLA Bull 2X Shares shares last traded at $38.26, with a volume of 17,402,307 shares changing hands.

Direxion Daily TSLA Bull 2X Shares Stock Down 16.3 %

The stock has a market capitalization of $6.44 billion, a P/E ratio of 40.38 and a beta of -5.14. The company has a 50-day moving average price of $18.98 and a two-hundred day moving average price of $13.57.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th will be issued a $0.3004 dividend. The ex-dividend date is Thursday, December 12th. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous dividend of $0.08.

Institutional Investors Weigh In On Direxion Daily TSLA Bull 2X Shares

Several hedge funds have recently bought and sold shares of the stock. Morse Asset Management Inc purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter valued at approximately $119,000. Sanctuary Advisors LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the third quarter valued at $152,000. Beacon Capital Management LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at approximately $120,000. AE Wealth Management LLC grew its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% during the 2nd quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock worth $133,000 after acquiring an additional 2,000 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth approximately $213,000.

About Direxion Daily TSLA Bull 2X Shares