Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Up 10% – Still a Buy?

Posted by Andrew Walz on Jan 15th, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) shares shot up 10% during trading on Wednesday . The company traded as high as $28.88 and last traded at $28.72. 23,846,147 shares traded hands during trading, a decline of 64% from the average session volume of 65,653,930 shares. The stock had previously closed at $26.10.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The firm has a 50 day moving average price of $25.94 and a two-hundred day moving average price of $16.47. The company has a market capitalization of $5.36 billion, a P/E ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.1399 per share. The ex-dividend date was Monday, December 23rd.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morse Asset Management Inc acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $119,000. AE Wealth Management LLC grew its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% in the 2nd 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 period. Sanctuary Advisors LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at approximately $152,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth $213,000. Finally, Garden State Investment Advisory Services LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the second quarter worth $366,000.