Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Up 6.9% – Here’s Why

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price shot up 6.9% during trading on Friday . The stock traded as high as $21.32 and last traded at $21.30. 21,498,775 shares were traded during mid-day trading, a decline of 48% from the average session volume of 41,140,621 shares. The stock had previously closed at $19.92.

Direxion Daily TSLA Bull 2X Shares Price Performance

The firm has a 50-day simple moving average of $14.46 and a 200 day simple moving average of $11.47. The company has a market capitalization of $4.10 billion, a PE ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a dividend of $0.0803 per share. The ex-dividend date was Tuesday, September 24th. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a dividend yield of 1.50%.

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

A number of hedge funds have recently bought and sold shares of the company. Morse Asset Management Inc bought a new position in Direxion Daily TSLA Bull 2X Shares in the third quarter worth about $119,000. Beacon Capital Management LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at $120,000. AE Wealth Management LLC lifted its stake 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 purchasing an additional 2,000 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at $152,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at $213,000.

About Direxion Daily TSLA Bull 2X Shares