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

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) experienced a noticeable gap up before the trading session on Tuesday. Previously closing at $11.16, the stock opened at $11.50, reflecting a positive move at the start of the day. However, the newest trading price reported was $10.93, with a substantial volume of 81,265,766 shares traded.

Direxion Daily TSLA Bull 2X Shares Trading Down 1.5%

The stock currently boasts a market capitalization of $2.13 billion. It has a price-to-earnings (P/E) ratio standing at 43.99 and a beta value of -5.14, indicating a tendency to move inversely compared to the broader market. The two key moving averages for TSLL show figures of $18.41 over the past 50 days and $18.90 over the last 200 days.

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

Recent activities among institutional investors highlight a mix of new investments and alterations in stakes in TSLL. For instance, PayPay Securities Corp acquired a stake estimated at $50,000 during the fourth quarter. Additionally, Bank of Montreal Can joined in the fourth quarter with a position valued at approximately $92,000. In the third quarter, Morse Asset Management Inc took a new stake valued at $119,000, while Sanctuary Advisors LLC acquired a stake of about $152,000. Notably, Optiver Holding B.V. also purchased a new stake worth around $240,000 in the same quarter.

Direxion Daily TSLA Bull 2X Shares Company Profile

This fund aims to provide twice the daily performance of TSLA, allowing investors to leverage their positions based on Tesla's stock movements.

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

Before making any investment decisions regarding Direxion Daily TSLA Bull 2X Shares, prospective investors should consider recent assessments. Analysts currently hold a
Hold rating for TSLL. Market analysts have also identified five stocks that they believe present better buying opportunities at this time. Investors are encouraged to investigate these alternatives before committing funds to TSLL.

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