Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Up 6.6% - Should You Buy?

Key Points

• TSLL shares rose 6.6% to $9.47 on Friday, with roughly 27.9 million shares traded—about 65% below average volume. The ETF remains below its 50-day and 200-day moving averages of $10.65 and $12.81, respectively.
• The fund recently paid a quarterly dividend of $0.1049 per share, equivalent to an annualized $0.42 dividend and a 4.3% yield.
• TSLL is a leveraged Direxion ETF designed to provide amplified daily exposure to Tesla’s stock performance, making it particularly sensitive to Tesla’s short-term price movements and associated risks.

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - ) were up 6.6% on Friday . The stock traded as high as $9.63 and last traded at $9.47. Approximately 27,897,740 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 79,666,680 shares. The stock had previously closed at $8.88.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock has a 50-day moving average price of $10.65 and a 200-day moving average price of $12.81. The firm has a market capitalization of $4.19 billion, a PE ratio of 88.55 and a beta of 2.79.

Direxion Daily TSLA Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.1049 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.42 annualized dividend and a yield of 4.3%.

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

Institutional investors have recently made changes to their positions in the stock. Summit Securities Group LLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth $36,000. Anfield Capital Management LLC boosted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 100.0% during the fourth quarter. Anfield Capital Management LLC now owns 2,000 shares of the company's stock valued at $38,000 after acquiring an additional 1,000 shares during the period. BOKF NA bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth about $46,000. Bessemer Group Inc. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter worth about $48,000. Finally, SOA Wealth Advisors LLC. increased its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 17.3% in the 1st quarter. SOA Wealth Advisors LLC. now owns 6,783 shares of the company's stock worth $82,000 after acquiring an additional 1,000 shares during the period.

Direxion Daily TSLA Bull 2X Shares Company Profile

The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLL was launched on Aug 9, 2022 and is managed by Direxion.

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