Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading 6.5% Higher - Should You Buy?

The shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw a notable increase of 6.5% during Friday's trading session. The stock reached a high point of $13.42 before closing at $13.29. In total, about 78,653,767 shares were exchanged, marking a 6% rise from the average daily volume of 74,365,953 shares. The previous closing price stood at $12.47.

Stock Performance of Direxion Daily TSLA Bull 2X Shares

Currently, the stock's fifty-day simple moving average is $25.05, while the two-hundred-day average is recorded at $18.76. The company boasts a market capitalization of $2.60 billion, a price-to-earnings (PE) ratio of 38.91, and a beta value of -5.14, indicating its volatility in the market.

Dividend Announcement by Direxion Daily TSLA Bull 2X Shares

Recently, the company declared a dividend, which was disbursed on Tuesday, December 31st. Shareholders on record as of Monday, December 23rd, received a dividend of $0.1399. The ex-dividend date was also set for Monday, December 23rd.

Institutional Investor Activities Regarding Direxion Daily TSLA Bull 2X Shares

Several hedge funds and institutional investors have taken recent action concerning their investments in TSLL. Sanctuary Advisors LLC increased its stake by 13.7% in the fourth quarter. After acquiring an additional 1,505 shares, Sanctuary Advisors now holds 12,500 shares valued at approximately $327,000. Additionally, PayPay Securities Corp made a new investment in Direxion Daily TSLA Bull 2X Shares, estimated at around $50,000 during the same quarter. TRUE Private Wealth Advisors expanded its position by 5.0% in the third quarter, owning 46,046 shares valued at $636,000 after a purchase of 2,204 additional shares. Captrust Financial Advisors raised their stake by 7.3% in the third quarter and currently possesses 47,753 shares valued at $660,000 after buying an extra 3,246 shares. Lastly, Tower Research Capital LLC TRC grew its position by 13.9% in the fourth quarter, now owning 26,926 shares worth $741,000 after increasing its portfolio by 3,294 shares.

Overview of Direxion Daily TSLA Bull 2X Shares

(Get Free Report)

Investment Considerations for Direxion Daily TSLA Bull 2X Shares

Before investing in Direxion Daily TSLA Bull 2X Shares, potential investors should consider market insights and expert analyses. Current evaluations suggest that several leading analysts believe there might be better investment opportunities available. Notably, Direxion Daily TSLA Bull 2X Shares holds a Hold rating among analysts. Investors are encouraged to research and explore alternative stocks that top analysts recommend.

Stocks, Investing, Funds