Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 7.3% – Time to Sell?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLLGet Free Report) fell 7.3% during mid-day trading on Thursday . The company traded as low as $17.69 and last traded at $17.5350. 30,363,492 shares changed hands during trading, a decline of 81% from the average session volume of 156,680,234 shares. The stock had previously closed at $18.91.

Direxion Daily TSLA Bull 2X Shares Price Performance

The company has a market cap of $6.23 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. The firm has a 50 day simple moving average of $19.37 and a 200-day simple moving average of $14.79.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were issued a $0.0893 dividend. The ex-dividend date was Tuesday, September 23rd. This represents a $0.36 dividend on an annualized basis and a yield of 2.1%.

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

A number of hedge funds have recently bought and sold shares of TSLL. Beaird Harris Wealth Management LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter worth about $25,000. Spire Wealth Management acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $30,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at approximately $33,000. Toth Financial Advisory Corp raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 99.2% in the 3rd quarter. Toth Financial Advisory Corp now owns 1,657 shares of the company’s stock valued at $35,000 after purchasing an additional 825 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at $52,000.

About Direxion Daily TSLA Bull 2X Shares

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