Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Down – What’s Next?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) gapped down prior to trading on Friday . The stock had previously closed at $16.38, but opened at $15.09. Direxion Daily TSLA Bull 2X Shares shares last traded at $16.5690, with a volume of 105,916,296 shares trading hands.

Direxion Daily TSLA Bull 2X Shares Trading Up 3.2%

The firm’s 50 day simple moving average is $19.45 and its 200 day simple moving average is $14.80. The firm has a market cap of $6.31 billion, a PE ratio of 88.55 and a beta of 2.85.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.0893 per share. This represents a $0.36 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, September 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TSLL. UBS Group AG grew its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 9.0% in the third quarter. UBS Group AG now owns 7,933,334 shares of the company’s stock valued at $167,473,000 after purchasing an additional 654,265 shares in the last quarter. Sloy Dahl & Holst LLC increased its position in Direxion Daily TSLA Bull 2X Shares by 1.5% during the third quarter. Sloy Dahl & Holst LLC now owns 1,419,078 shares of the company’s stock valued at $29,957,000 after acquiring an additional 21,345 shares during the last quarter. Simplex Trading LLC raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 199.8% in the second quarter. Simplex Trading LLC now owns 816,632 shares of the company’s stock valued at $9,644,000 after acquiring an additional 544,253 shares during the period. Virtu Financial LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at $4,375,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 72.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 430,252 shares of the company’s stock worth $5,081,000 after acquiring an additional 180,551 shares during the last quarter.

Direxion Daily TSLA Bull 2X Shares Company Profile