Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Up 6.2% – Still a Buy?

Posted by Shane Hupp on Feb 14th, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s stock price shot up 6.2% during mid-day trading on Wednesday . The stock traded as high as $18.34 and last traded at $18.42. 45,890,298 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 64,916,602 shares. The stock had previously closed at $17.35.

Direxion Daily TSLA Bull 2X Shares Stock Up 11.6 %

The business’s 50 day moving average price is $28.04 and its 200-day moving average price is $18.19. The company has a market cap of $3.92 billion, a PE ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.1399 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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

A number of institutional investors have recently added to or reduced their stakes in the company. PayPay Securities Corp purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $50,000. Bank of Montreal Can acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at approximately $92,000. Morse Asset Management Inc purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $119,000. Sanctuary Advisors LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at approximately $152,000. Finally, Aire Advisors LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at approximately $241,000.