Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 5.3% – Here’s Why

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

Direxion Daily TSLA Bull 2X Shares Price Performance

The business has a 50-day simple moving average of $11.07 and a two-hundred day simple moving average of $13.10. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 88.55 and a beta of 2.79.

Direxion Daily TSLA Bull 2X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.1049 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

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

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.