Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Up 6.5% – Time to Buy?

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) rose 6.5% during trading on Friday . The company traded as high as $13.42 and last traded at $13.29. Approximately 78,653,767 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 74,365,953 shares. The stock had previously closed at $12.47.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock has a 50-day moving average of $24.71 and a 200 day moving average of $18.86. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 38.91 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. Investors of record on Monday, December 23rd were given a $0.1399 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLL. Citigroup Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the third quarter worth about $51,145,000. Simplex Trading LLC grew its position in shares of Direxion Daily TSLA Bull 2X Shares by 230.3% during the 4th quarter. Simplex Trading LLC now owns 465,134 shares of the company’s stock worth $12,805,000 after buying an additional 324,332 shares during the period. Barclays PLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $7,433,000. SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $5,752,000. Finally, Lauer Wealth LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $5,285,000.

About Direxion Daily TSLA Bull 2X Shares