Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL) Shares Gap Up – What’s Next?

Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL – Get Free Report)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $9.76, but opened at $10.36. Direxion Daily TSLA Bull 2X ETF shares last traded at $10.9120, with a volume of 19,857,972 shares traded.

Direxion Daily TSLA Bull 2X ETF Price Performance

The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. The firm has a 50 day moving average price of $9.59 and a 200-day moving average price of $11.32.

Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X ETF

A number of large investors have recently bought and sold shares of the company. James J. Burns & Company LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X ETF during the third quarter worth about $98,000. T3 Companies LLC acquired a new stake in Direxion Daily TSLA Bull 2X ETF in the third quarter valued at about $146,000. Milestone Asset Management LLC lifted its position in Direxion Daily TSLA Bull 2X ETF by 26.7% in the third quarter. Milestone Asset Management LLC now owns 51,049 shares of the company’s stock valued at $460,000 after purchasing an additional 10,756 shares during the period. Family Office Research LLC purchased a new stake in Direxion Daily TSLA Bull 2X ETF in the 3rd quarter valued at approximately $477,000. Finally, Dakota Community Bank & Trust NA boosted its holdings in Direxion Daily TSLA Bull 2X ETF by 628.1% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 53,695 shares of the company’s stock valued at $484,000 after purchasing an additional 46,320 shares in the last quarter.

About Direxion Daily TSLA Bull 2X ETF

(Get Free Report)

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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