Shares of Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL – Get Free Report) traded up 6.2% during mid-day trading on Friday. The company traded as high as $10.72 and last traded at $10.6350. 22,165,701 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 78,896,625 shares. The stock had previously closed at $10.01.
Direxion Daily TSLA Bull 2X ETF Price Performance
The stock has a market cap of $4.22 billion, a P/E ratio of 88.55 and a beta of 2.85. The firm’s 50-day moving average price is $9.20 and its 200-day moving average price is $11.49.
Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the business. SOA Wealth Advisors LLC. lifted its position in Direxion Daily TSLA Bull 2X ETF by 17.3% in the first quarter. SOA Wealth Advisors LLC. now owns 6,783 shares of the company’s stock worth $82,000 after buying an additional 1,000 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Direxion Daily TSLA Bull 2X ETF by 19.4% during the first quarter. Parallel Advisors LLC now owns 7,892 shares of the company’s stock valued at $96,000 after buying an additional 1,281 shares during the period. Toth Financial Advisory Corp bought a new position in Direxion Daily TSLA Bull 2X ETF in the 3rd quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in Direxion Daily TSLA Bull 2X ETF in the first quarter worth $36,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Direxion Daily TSLA Bull 2X ETF in the first quarter valued at approximately $48,000.
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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