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

Key Points

• Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) opened at $23.61 after closing at $22.50, with a last trading price of $22.24 on high volume.
• The company recently declared a quarterly dividend of $0.0893 per share, representing an annualized amount of $0.36 and a 1.7% yield.
• Hedge funds have been active, with several increasing their stakes in TSLL, including Parallel Advisors LLC, which raised its stake by 1,723.8%.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - )'s share price gapped up prior to trading on Thursday . The stock had previously closed at $22.50, but opened at $23.61. Direxion Daily TSLA Bull 2X Shares shares last traded at $22.24, with a volume of 88,897,770 shares trading hands.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock has a market capitalization of $11.45 billion, a P/E ratio of 88.55 and a beta of -5.14. The firm has a 50-day simple moving average of $14.39 and a 200 day simple moving average of $12.33.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.0893 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $0.36 annualized dividend and a yield of 1.7%.

Institutional Investors Weigh In On Direxion Daily TSLA Bull 2X Shares

A number of hedge funds have recently added to or reduced their stakes in TSLL. Beaird Harris Wealth Management LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the first quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at $33,000. Atticus Wealth Management LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the first quarter valued at $35,000. Headlands Technologies LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the first quarter valued at $52,000. Finally, Parallel Advisors LLC increased its stake in Direxion Daily TSLA Bull 2X Shares by 1,723.8% in the first quarter. Parallel Advisors LLC now owns 7,295 shares of the company's stock valued at $69,000 after purchasing an additional 6,895 shares in the last quarter.

About Direxion Daily TSLA Bull 2X Shares

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