Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 5.3% – Here’s What Happened

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) shares were down 5.3% during mid-day trading on Wednesday . The company traded as low as $7.86 and last traded at $7.87. Approximately 31,796,282 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 77,827,250 shares. The stock had previously closed at $8.31.

Direxion Daily TSLA Bull 2X Shares Price Performance

The business’s 50 day simple moving average is $11.32 and its 200 day simple moving average is $13.25. The company has a market capitalization of $3.42 billion, a PE ratio of 88.55 and a beta of 2.79.

Get Direxion Daily TSLA Bull 2X Shares alerts:

Direxion Daily TSLA Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.1049 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.2%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sloy Dahl & Holst LLC lifted its position in Direxion Daily TSLA Bull 2X Shares by 19.0% in the fourth quarter. Sloy Dahl & Holst LLC now owns 1,688,402 shares of the company’s stock valued at $32,265,000 after buying an additional 269,324 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Direxion Daily TSLA Bull 2X Shares by 2,438.5% during the first quarter. Renaissance Technologies LLC now owns 2,198,300 shares of the company’s stock valued at $26,709,000 after acquiring an additional 2,111,700 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at about $5,913,000. Stevens Capital Management LP raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 97.8% in the 4th quarter. Stevens Capital Management LP now owns 126,479 shares of the company’s stock valued at $2,417,000 after acquiring an additional 62,549 shares during the period. Finally, Bison Wealth LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth approximately $1,514,000.

Direxion Daily TSLA Bull 2X Shares Company Profile

(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.

Featured Stories

• Five stocks we like better than Direxion Daily TSLA Bull 2X Shares
• Legacy Jet Builders Stall While Embraer Accelerates to New Highs
• Intel’s Rally Gave It a $20 Billion Opportunity and Now Comes the Hard Part
• Visa’s AI Opportunity Is Hiding in Every Transaction
• On Holding’s Price Stumble May Be an Opening for a Company Built to Run

Receive News & Ratings for Direxion Daily TSLA Bull 2X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily TSLA Bull 2X Shares and related companies with MarketBeat.com's FREE daily email newsletter.