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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Up - Time to Buy?

Direxion Daily TSLA Bull 2X Shares logo with background

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $11.34, but opened at $13.14. Direxion Daily TSLA Bull 2X Shares shares last traded at $12.77, with a volume of 82,310,343 shares traded.

Direxion Daily TSLA Bull 2X Shares Stock Down 4.8%

The firm has a 50-day moving average price of $9.43 and a two-hundred day moving average price of $18.30. The company has a market capitalization of $6.81 billion, a P/E ratio of 60.69 and a beta of 2.63.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.0845 dividend. This is a boost from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.34 annualized dividend and a yield of 2.33%.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sloy Dahl & Holst LLC grew its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 1,301.8% in the 1st quarter. Sloy Dahl & Holst LLC now owns 1,197,704 shares of the company's stock worth $11,402,000 after purchasing an additional 1,112,265 shares during the last quarter. Simplex Trading LLC boosted its position in Direxion Daily TSLA Bull 2X Shares by 230.3% in the fourth quarter. Simplex Trading LLC now owns 465,134 shares of the company's stock valued at $12,805,000 after buying an additional 324,332 shares in the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares in the first quarter valued at about $4,375,000. Flow Traders U.S. LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the first quarter worth about $3,067,000. Finally, Barclays PLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth approximately $7,433,000.

About Direxion Daily TSLA Bull 2X Shares

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