Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 5.4% – Here’s What Happened

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price traded down 5.4% during trading on Tuesday . The stock traded as low as $9.18 and last traded at $9.43. Approximately 24,570,892 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 80,386,289 shares. The stock had previously closed at $9.97.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock has a 50 day simple moving average of $9.99 and a two-hundred day simple moving average of $12.39. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 88.55 and a beta of 2.83.

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 given a dividend of $0.1049 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.42 annualized dividend and a dividend yield of 4.5%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at approximately $36,000. Anfield Capital Management LLC grew its position in Direxion Daily TSLA Bull 2X Shares by 100.0% in 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. BOKF NA acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter worth $46,000. Bessemer Group Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the first quarter worth $48,000. Finally, SOA Wealth Advisors LLC. raised its position in Direxion Daily TSLA Bull 2X Shares by 17.3% in the first quarter. SOA Wealth Advisors LLC. now owns 6,783 shares of the company’s stock valued at $82,000 after purchasing an additional 1,000 shares during the period.

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.