Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL) Shares Climb 6.1% – Here’s Why

Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL) shares rose 6.1% on Monday. The stock traded as high as $9.46 and last traded at $9.45. Approximately 20,457,624 shares changed hands during trading, a decline of 74% from the average session volume of 78,176,336 shares. The stock had previously closed at $8.91.

Direxion Daily TSLA Bull 2X ETF Price Performance

The stock’s 50-day moving average is $9.44 and its two-hundred day moving average is $11.38. The company has a market cap of $3.62 billion, a P/E ratio of 88.55 and a beta of 2.85.

Institutional Investors Weigh In On Direxion Daily TSLA Bull 2X ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Milestone Asset Management LLC lifted its holdings in shares of Direxion Daily TSLA Bull 2X ETF by 26.7% during the 3rd quarter. Milestone Asset Management LLC now owns 51,049 shares of the company’s stock valued at $460,000 after buying an additional 10,756 shares during the period. Family Office Research LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X ETF in the third quarter worth $477,000. Dakota Community Bank & Trust NA grew its holdings in shares of Direxion Daily TSLA Bull 2X ETF by 628.1% in the third quarter. Dakota Community Bank & Trust NA now owns 53,695 shares of the company’s stock worth $484,000 after acquiring an additional 46,320 shares during the period. CoreCap Advisors LLC grew its holdings in shares of Direxion Daily TSLA Bull 2X ETF by 31.3% in the third quarter. CoreCap Advisors LLC now owns 29,609 shares of the company’s stock worth $267,000 after acquiring an additional 7,050 shares during the period. Finally, Tactive Advisors LLC increased its position in Direxion Daily TSLA Bull 2X ETF by 93.4% during the third quarter. Tactive Advisors LLC now owns 32,111 shares of the company’s stock valued at $289,000 after acquiring an additional 15,511 shares during the last quarter.

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.