Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 6.9% – Here’s Why

Posted by John Perry on Mar 30th, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) were down 6.9% on Friday . The stock traded as low as $9.65 and last traded at $9.88. Approximately 90,357,429 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 66,756,694 shares. The stock had previously closed at $10.62.

Direxion Daily TSLA Bull 2X Shares Stock Down 7.3 %

The firm has a market cap of $1.90 billion, a PE ratio of 43.99 and a beta of -5.14. The stock has a 50 day moving average price of $16.98 and a two-hundred day moving average price of $18.86.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.0845 per share. This represents a $0.34 annualized dividend and a yield of 3.43%. The ex-dividend date is Tuesday, March 25th. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TSLL. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at $551,000. Bison Wealth LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $1,514,000. Optiver Holding B.V. purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at about $240,000. Tower Research Capital LLC TRC increased its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 13.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 26,926 shares of the company’s stock valued at $741,000 after purchasing an additional 3,294 shares during the period. Finally, Barclays PLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth about $7,433,000.