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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $19.71, but opened at $20.61. Direxion Daily TSLA Bull 2X Shares shares last traded at $20.94, with a volume of 27,176,162 shares.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company has a market cap of $3.82 billion, a P/E ratio of 40.38 and a beta of -5.14. The firm has a 50 day moving average price of $11.91 and a 200-day moving average price of $10.39.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.0803 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.32 dividend on an annualized basis and a yield of 1.61%. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

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

Institutional investors have recently modified their holdings of the company. TB Alternative Assets Ltd. acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at $2,794,000. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at about $54,000. Virtu Financial LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter worth about $522,000. Scientech Research LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth about $869,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth about $213,000.

About Direxion Daily TSLA Bull 2X Shares