Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Large Volume Increase – Time to Buy?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares saw an uptick in trading volume on Tuesday . 65,780,520 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 56,758,044 shares.The stock last traded at $7.80 and had previously closed at $7.38.

Direxion Daily TSLA Bull 2X Shares Price Performance

The firm has a market capitalization of $1.77 billion, a P/E ratio of 38.91 and a beta of -5.14. The firm’s 50 day moving average is $21.24 and its two-hundred day moving average is $18.88.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

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

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

A number of hedge funds have recently made changes to their positions in TSLL. Citigroup Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter worth approximately $51,145,000. Simplex Trading LLC raised its position in Direxion Daily TSLA Bull 2X Shares by 230.3% during the fourth quarter. Simplex Trading LLC now owns 465,134 shares of the company’s stock valued at $12,805,000 after purchasing an additional 324,332 shares in the last quarter. Barclays PLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at about $7,433,000. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at approximately $5,752,000. Finally, Lauer Wealth LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $5,285,000.

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