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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading 5.8% Higher - Time to Buy?

Direxion Daily TSLA Bull 2X Shares logo with background

Key Points

  • The Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) experienced a 5.8% increase in trading, reaching as high as $12.65, despite a significant drop in trading volume compared to its average.
  • The company declared a new quarterly dividend of $0.0896 per share, which is an increase from the previous dividend of $0.08, resulting in a 2.9% yield.
  • Several hedge funds have recently increased their positions in Direxion Daily TSLA Bull 2X Shares, indicating rising interest from institutional investors.
  • MarketBeat previews the top five stocks to own by October 1st.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) shares were up 5.8% on Wednesday . The company traded as high as $12.53 and last traded at $12.65. Approximately 43,251,568 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 161,786,844 shares. The stock had previously closed at $11.95.

Direxion Daily TSLA Bull 2X Shares Stock Up 4.5%

The firm's 50-day moving average is $11.83 and its 200-day moving average is $11.71. The company has a market capitalization of $6.71 billion, a PE ratio of 88.55 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were given a dividend of $0.0896 per share. This represents a $0.36 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, June 24th. This is a positive change from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08.

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

Hedge funds have recently modified their holdings of the company. Beaird Harris Wealth Management LLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter valued at approximately $33,000. Atticus Wealth Management LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the first quarter worth $35,000. Headlands Technologies LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at $52,000. Finally, SOA Wealth Advisors LLC. bought a new position in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter worth $85,000.

Direxion Daily TSLA Bull 2X Shares Company Profile

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