Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL – Get Free Report)’s share price shot up 10% on Friday. The stock traded as high as $9.83 and last traded at $9.8670. Approximately 23,057,041 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 79,457,672 shares. The stock had previously closed at $8.97.
Direxion Daily TSLA Bull 2X ETF Stock Performance
The business’s 50 day simple moving average is $8.91 and its 200-day simple moving average is $11.61. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 88.55 and a beta of 2.84.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X ETF during the 1st quarter worth about $36,000. Bessemer Group Inc. bought a new position in Direxion Daily TSLA Bull 2X ETF during the first quarter valued at approximately $48,000. SOA Wealth Advisors LLC. raised its position in Direxion Daily TSLA Bull 2X ETF by 17.3% during the first quarter. SOA Wealth Advisors LLC. now owns 6,783 shares of the company’s stock valued at $82,000 after acquiring an additional 1,000 shares in the last quarter. Parallel Advisors LLC lifted its stake in Direxion Daily TSLA Bull 2X ETF by 19.4% in the first quarter. Parallel Advisors LLC now owns 7,892 shares of the company’s stock valued at $96,000 after acquiring an additional 1,281 shares during the last quarter. Finally, Forty three Eighteen Advisors LLC acquired a new stake in Direxion Daily TSLA Bull 2X ETF in the first quarter valued at approximately $122,000.
Direxion Daily TSLA Bull 2X ETF Company Profile
The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLL was launched on Aug 9, 2022 and is managed by Direxion.
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