Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Up 5.3% - Should You Buy?

Key Points

• Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) rose 5.3% in price, reaching a high of $11.10 during Friday's trading, although trading volume was significantly lower at 44,880,367 shares.
• The company announced a quarterly dividend of $0.0896, representing an annualized yield of 3.06%, an increase from the previous dividend of $0.08.
• Institutional interest in Direxion Daily TSLA Bull 2X Shares is growing, with firms like Beaird Harris Wealth Management and Bank of Montreal acquiring new stakes.
• The stock has a market cap of $6.24 billion, with a P/E ratio of 88.55 and a 50-day moving average of $12.70.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report)'s share price traded up 5.3% on Friday . The stock traded as high as $11.05 and last traded at $11.10. 44,880,367 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 168,004,188 shares. The stock had previously closed at $10.54.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company has a market cap of $6.17 billion, a P/E ratio of 88.55 and a beta of -5.14. The firm's fifty day moving average is $12.56 and its two-hundred day moving average is $13.97.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were given a dividend of $0.0896 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.05%. 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, June 24th.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Several hedge funds have recently made changes to their positions in TSLL. Beaird Harris Wealth Management LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter worth $33,000. Atticus Wealth Management LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter worth $35,000. Headlands Technologies LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter worth $52,000. Finally, Parallel Advisors LLC raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 1,723.8% during the first quarter. Parallel Advisors LLC now owns 7,295 shares of the company's stock worth $69,000 after purchasing an additional 6,895 shares during the last quarter.

About Direxion Daily TSLA Bull 2X Shares