Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 6.3% – Here’s What Happened

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price dropped 6.3% during trading on Monday . The stock traded as low as $12.25 and last traded at $12.26. Approximately 11,061,545 shares traded hands during trading, a decline of 86% from the average daily volume of 77,220,039 shares. The stock had previously closed at $13.09.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock has a 50-day moving average of $13.96 and a two-hundred day moving average of $14.78. The company has a market cap of $4.22 billion, a P/E ratio of 88.55 and a beta of 2.70.

Direxion Daily TSLA Bull 2X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.1049 per share. This represents a $0.42 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Tuesday, June 23rd.

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

A number of hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at $13,256,000. Sloy Dahl & Holst LLC raised its position in Direxion Daily TSLA Bull 2X Shares by 19.0% in the 4th quarter. Sloy Dahl & Holst LLC now owns 1,688,402 shares of the company’s stock worth $32,265,000 after purchasing an additional 269,324 shares during the period. Genesis Financial Group LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $886,000. Virtu Financial LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $5,913,000. Finally, Bison Wealth LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $1,514,000.

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.