Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Hits New 12-Month Low – Here’s Why

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares reached a new 52-week low during trading on Thursday . The company traded as low as $9.28 and last traded at $9.28, with a volume of 15053364 shares trading hands. The stock had previously closed at $10.96.

Direxion Daily TSLA Bull 2X Shares Price Performance

The company has a 50 day moving average of $13.12 and a two-hundred day moving average of $14.15. The company has a market capitalization of $2.44 billion, a PE ratio of 88.55 and a beta of 2.70.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The firm also recently announced 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 5.7%. The ex-dividend date was Tuesday, June 23rd.

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

Hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the first quarter worth about $36,000. Anfield Capital Management LLC lifted its holdings in shares of 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 valued at $38,000 after purchasing an additional 1,000 shares during the last quarter. PayPay Securities Corp boosted its position in shares of Direxion Daily TSLA Bull 2X Shares by 143.1% in the 4th quarter. PayPay Securities Corp now owns 2,339 shares of the company’s stock worth $45,000 after purchasing an additional 1,377 shares in the last quarter. BOKF NA bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth approximately $46,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter worth approximately $48,000.

About Direxion Daily TSLA Bull 2X Shares

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.