Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 6.7% – Here’s What Happened

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) dropped 6.7% on Tuesday . The stock traded as low as $26.05 and last traded at $26.34. Approximately 28,936,555 shares traded hands during trading, a decline of 58% from the average daily volume of 68,430,258 shares. The stock had previously closed at $28.22.

Direxion Daily TSLA Bull 2X Shares Trading Up 0.2 %

The stock has a market capitalization of $4.48 billion, a PE ratio of 40.38 and a beta of -5.14. The stock has a 50 day moving average price of $24.78 and a 200-day moving average price of $15.92.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.1399 dividend. The ex-dividend date was Monday, December 23rd.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Morse Asset Management Inc bought a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter valued at approximately $119,000. AE Wealth Management LLC raised its position in Direxion Daily TSLA Bull 2X Shares by 16.0% in the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock worth $133,000 after acquiring an additional 2,000 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth $152,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at $213,000. Finally, Garden State Investment Advisory Services LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter worth $366,000.

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