Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Strong Trading Volume – Should You Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares saw unusually-high trading volume on Friday . Approximately 27,139,621 shares changed hands during trading, a decline of 36% from the previous session’s volume of 42,602,066 shares.The stock last traded at $31.62 and had previously closed at $32.80.

Direxion Daily TSLA Bull 2X Shares Stock Down 7.1 %

The company has a 50 day simple moving average of $19.83 and a 200 day simple moving average of $13.91. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 12th were given a dividend of $0.3004 per share. The ex-dividend date of this dividend was Thursday, December 12th. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous dividend of $0.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter worth $152,000. Morse Asset Management Inc purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth $119,000. TRUE Private Wealth Advisors increased its holdings in Direxion Daily TSLA Bull 2X Shares by 5.0% in the 3rd quarter. TRUE Private Wealth Advisors now owns 46,046 shares of the company’s stock valued at $636,000 after purchasing an additional 2,204 shares in the last quarter. Captrust Financial Advisors raised its position in Direxion Daily TSLA Bull 2X Shares by 7.3% in the third quarter. Captrust Financial Advisors now owns 47,753 shares of the company’s stock valued at $660,000 after purchasing an additional 3,246 shares during the period. Finally, Citigroup Inc. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth about $51,145,000.

Direxion Daily TSLA Bull 2X Shares Company Profile