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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $9.37, but opened at $9.83. Direxion Daily TSLA Bull 2X Shares shares last traded at $10.2360, with a volume of 26,184,133 shares trading hands.

Direxion Daily TSLA Bull 2X Shares Trading Up 14.4%

The firm’s 50 day simple moving average is $9.99 and its 200-day simple moving average is $12.39. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 88.55 and a beta of 2.83.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.1049 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.42 annualized dividend and a dividend yield of 3.9%.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Turner Financial Group Inc. bought a new stake in Direxion Daily TSLA Bull 2X Shares during the second quarter worth about $3,646,000. Tactive Advisors LLC grew its stake in Direxion Daily TSLA Bull 2X Shares by 31.7% in the second quarter. Tactive Advisors LLC now owns 16,600 shares of the company’s stock valued at $235,000 after purchasing an additional 4,000 shares in the last quarter. Dakota Community Bank & Trust NA acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth approximately $283,000. SOA Wealth Advisors LLC. increased its position in shares of Direxion Daily TSLA Bull 2X Shares by 17.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 6,783 shares of the company’s stock worth $82,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Direxion Daily TSLA Bull 2X Shares by 36,531.8% during the 1st quarter. Royal Bank of Canada now owns 102,569 shares of the company’s stock worth $1,246,000 after purchasing an additional 102,289 shares during the last quarter.

Direxion Daily TSLA Bull 2X Shares Company Profile

The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLL was launched on Aug 9, 2022 and is managed by Direxion.