Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Up 7.6% – Here’s Why

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price rose 7.6% during trading on Tuesday . The stock traded as high as $34.86 and last traded at $34.27. Approximately 18,169,454 shares changed hands during trading, a decline of 58% from the average daily volume of 42,874,078 shares. The stock had previously closed at $31.85.

Direxion Daily TSLA Bull 2X Shares Trading Up 9.3 %

The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The firm has a 50-day moving average of $20.28 and a 200 day moving average of $14.13.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

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

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

Institutional investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC increased 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 worth $133,000 after acquiring an additional 2,000 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at approximately $366,000. Scientech Research LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at approximately $869,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter worth approximately $213,000. Finally, TB Alternative Assets Ltd. acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the third quarter valued at $2,794,000.

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