Free Trial

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Up 7.9% - Should You Buy?

Direxion Daily TSLA Bull 2X Shares logo with background

Key Points

  • Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw a stock price increase of 7.9% during trading on Monday, reaching a high of $21.32.
  • The stock's recent trading volume was approximately 62.7 million shares, which represents a 61% decline from its average daily volume.
  • Institutional investors have recently increased their stakes in TSLL, with notable purchases including $85,000 from SOA Wealth Advisors LLC in the second quarter.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) shot up 7.9% on Monday . The stock traded as high as $21.32 and last traded at $21.17. 62,710,080 shares were traded during mid-day trading, a decline of 61% from the average session volume of 162,116,172 shares. The stock had previously closed at $19.63.

Direxion Daily TSLA Bull 2X Shares Trading Down 0.1%

The firm has a 50-day simple moving average of $13.18 and a two-hundred day simple moving average of $11.78. The company has a market capitalization of $10.93 billion, a price-to-earnings ratio of 88.55 and a beta of -5.14.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TSLL. Bison Wealth LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth about $1,514,000. Parallel Advisors LLC increased its position in Direxion Daily TSLA Bull 2X Shares by 1,723.8% in the 1st 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. TB Alternative Assets Ltd. acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 1st quarter worth about $2,197,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth about $213,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth about $97,000.

About Direxion Daily TSLA Bull 2X Shares

(Get Free Report)

Recommended Stories

Should You Invest $1,000 in Direxion Daily TSLA Bull 2X Shares Right Now?

Before you consider Direxion Daily TSLA Bull 2X Shares, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Direxion Daily TSLA Bull 2X Shares wasn't on the list.

While Direxion Daily TSLA Bull 2X Shares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.