Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Up - Should You Buy?

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) experienced a gap up before the market opened on Tuesday. The stock closed at $11.16 but surged to open at $11.50. The latest trading price for the shares is $10.93, with a substantial trading volume of 81,265,766 shares.

Direxion Daily TSLA Bull 2X Shares Trading Down 1.5%

The company holds a market capitalization of $2.13 billion. Its price-to-earnings ratio stands at 43.99, and it has an impressive beta of -5.14, indicating volatility relative to the market. The stock's 50-day moving average is $18.41, while the 200-day moving average is $18.90, reflecting a challenging trend for the security.

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

Recently, various institutional investors have adjusted their positions in TSLL. For instance, PayPay Securities Corp initiated a new position in the fourth quarter, valued at $50,000. Bank of Montreal Can similarly purchased a new stake during the same timeframe for around $92,000. Furthermore, Morse Asset Management Inc and Sanctuary Advisors LLC have acquired positions valued at approximately $119,000 and $152,000, respectively, in the previous quarters. Additionally, Optiver Holding B.V. acquired a new stake in the fourth quarter, valued at about $240,000.

Should You Invest $1,000 in Direxion Daily TSLA Bull 2X Shares Right Now?

Before investing in Direxion Daily TSLA Bull 2X Shares, it’s essential to consider expert opinions. Currently, analysts have assigned a Hold rating to TSLL. However, top-rated analysts have identified five other stocks that they recommend buying, which they believe may yield better returns in the near future.

As you contemplate your investment options, it's crucial to stay informed about the latest market trends and expert analyst recommendations.

Direxion, Tesla, Stocks