Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Down 5.4% – What’s Next?

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLLGet Free Report) were down 5.4% during trading on Tuesday . The company traded as low as $9.18 and last traded at $9.43. Approximately 24,570,892 shares traded hands during trading, a decline of 69% from the average daily volume of 80,386,289 shares. The stock had previously closed at $9.97.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The firm’s fifty day moving average price is $10.08 and its 200 day moving average price is $12.49. The firm has a market cap of $3.98 billion, a P/E ratio of 88.55 and a beta of 2.79.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The company also recently disclosed 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. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, June 23rd.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Hedge funds have recently made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the first quarter valued at about $36,000. Anfield Capital Management LLC increased its holdings in Direxion Daily TSLA Bull 2X Shares by 100.0% during the 4th quarter. Anfield Capital Management LLC now owns 2,000 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares during the period. BOKF NA purchased a new position in Direxion Daily TSLA Bull 2X Shares during the third quarter valued at $46,000. Bessemer Group Inc. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at $48,000. Finally, SOA Wealth Advisors LLC. boosted its stake in Direxion Daily TSLA Bull 2X Shares by 17.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 6,783 shares of the company’s stock worth $82,000 after purchasing an additional 1,000 shares during the period.

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.

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