Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading 4.5% Higher - Time to Buy?

Key Points

• Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw a price increase of 4.5% during trading, with shares last trading at $20.10 after closing at $19.24.
• The stock has a market cap of $7.57 billion and a high P/E ratio of 88.55.
• The company recently declared a quarterly dividend of $0.0893 per share with a 1.8% dividend yield.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - ) traded up 4.5% on Friday . The company traded as high as $20.30 and last traded at $20.10. 98,076,833 shares were traded during trading, a decline of 39% from the average session volume of 160,330,875 shares. The stock had previously closed at $19.24.

Direxion Daily TSLA Bull 2X Shares Price Performance

The firm has a market cap of $7.57 billion, a P/E ratio of 88.55 and a beta of -5.14. The stock's 50 day simple moving average is $16.30 and its two-hundred day simple moving average is $13.11.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were given a dividend of $0.0893 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.36 annualized dividend and a dividend yield of 1.8%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clarity Capital Partners LLC boosted its holdings in Direxion Daily TSLA Bull 2X Shares by 21.7% in the first quarter. Clarity Capital Partners LLC now owns 144,955 shares of the company's stock worth $1,380,000 after purchasing an additional 25,867 shares during the last quarter. Cerity Partners LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the first quarter worth approximately $267,000. Carr Financial Group Corp purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the second quarter worth approximately $319,000. Norden Group LLC boosted its holdings in Direxion Daily TSLA Bull 2X Shares by 478.2% in the second quarter. Norden Group LLC now owns 69,500 shares of the company's stock worth $821,000 after purchasing an additional 57,480 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Direxion Daily TSLA Bull 2X Shares by 19.5% in the first quarter. SBI Securities Co. Ltd. now owns 249,701 shares of the company's stock worth $2,377,000 after purchasing an additional 40,773 shares during the last quarter.

Direxion Daily TSLA Bull 2X Shares Company Profile

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