Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Down 5.1% – Should You Sell?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price traded down 5.1% during trading on Monday . The stock traded as low as $13.00 and last traded at $13.19. 74,271,931 shares changed hands during trading, a decline of 6% from the average session volume of 79,188,047 shares. The stock had previously closed at $13.90.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The business’s 50 day moving average price is $13.53 and its two-hundred day moving average price is $17.12. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 88.55 and a beta of 2.92.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.0994 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.40 annualized dividend and a yield of 3.1%.

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

Several hedge funds have recently modified their holdings of TSLL. 180 Wealth Advisors LLC raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 5.3% in the 4th quarter. 180 Wealth Advisors LLC now owns 19,942 shares of the company’s stock worth $381,000 after buying an additional 1,000 shares in the last quarter. Anfield Capital Management LLC grew its holdings in Direxion Daily TSLA Bull 2X Shares by 100.0% during the fourth quarter. Anfield Capital Management LLC now owns 2,000 shares of the company’s stock worth $38,000 after acquiring an additional 1,000 shares during the period. AE Wealth Management LLC grew its holdings in Direxion Daily TSLA Bull 2X Shares by 6.2% during the third quarter. AE Wealth Management LLC now owns 19,853 shares of the company’s stock worth $419,000 after acquiring an additional 1,161 shares during the period. TRUE Private Wealth Advisors raised its position in Direxion Daily TSLA Bull 2X Shares by 3.0% in the third quarter. TRUE Private Wealth Advisors now owns 45,171 shares of the company’s stock worth $954,000 after acquiring an additional 1,317 shares in the last quarter. Finally, PayPay Securities Corp raised its position in Direxion Daily TSLA Bull 2X Shares by 143.1% in the fourth quarter. PayPay Securities Corp now owns 2,339 shares of the company’s stock worth $45,000 after acquiring an additional 1,377 shares in the last quarter.

Direxion Daily TSLA Bull 2X Shares Company Profile

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.