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 Tuesday . The stock had previously closed at $37.38, but opened at $39.46. Direxion Daily TSLA Bull 2X Shares shares last traded at $38.26, with a volume of 17,402,307 shares traded.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The business’s 50-day moving average is $18.98 and its 200-day moving average is $13.57. The company has a market capitalization of $6.44 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 dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.3004 per share. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous dividend of $0.08. The ex-dividend date is Thursday, December 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth about $152,000. Morse Asset Management Inc purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at $119,000. TRUE Private Wealth Advisors boosted its stake in Direxion Daily TSLA Bull 2X Shares by 5.0% during the 3rd quarter. TRUE Private Wealth Advisors now owns 46,046 shares of the company’s stock valued at $636,000 after purchasing an additional 2,204 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 7.3% in the 3rd quarter. Captrust Financial Advisors now owns 47,753 shares of the company’s stock worth $660,000 after purchasing an additional 3,246 shares in the last quarter. Finally, Citigroup Inc. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter worth $51,145,000.

About Direxion Daily TSLA Bull 2X Shares