Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 3.4% – What’s Next?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price fell 3.4% during mid-day trading on Tuesday . The company traded as low as $13.86 and last traded at $13.90. 93,376,728 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 112,323,240 shares. The stock had previously closed at $14.39.

Direxion Daily TSLA Bull 2X Shares Stock Down 4.3%

The company has a market capitalization of $6.92 billion, a P/E ratio of 88.55 and a beta of 2.86. The firm has a fifty day simple moving average of $12.04 and a 200-day simple moving average of $17.30.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

A number of large investors have recently bought and sold shares of TSLL. Simplify Asset Management Inc. acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $5,014,000. GEM Asset Management LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth about $306,000. Barclays PLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $7,433,000. Bank of Montreal Can bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at about $92,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at about $5,752,000.

About Direxion Daily TSLA Bull 2X Shares