Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 8.1% – Here’s What Happened

Posted by Alphonse Anthony on Apr 11th, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s share price dropped 8.1% during mid-day trading on Friday . The company traded as low as $7.90 and last traded at $7.76. Approximately 88,529,140 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 77,623,343 shares. The stock had previously closed at $8.45.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 47.43 and a beta of -5.14. The firm’s 50-day moving average is $13.03 and its 200 day moving average is $18.62.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a $0.0845 dividend. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Tuesday, March 25th.

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

Institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 13.7% in the 4th quarter. Sanctuary Advisors LLC now owns 12,500 shares of the company’s stock valued at $327,000 after purchasing an additional 1,505 shares in the last quarter. PayPay Securities Corp purchased a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $50,000. TRUE Private Wealth Advisors lifted its position in Direxion Daily TSLA Bull 2X Shares by 5.9% during the fourth quarter. TRUE Private Wealth Advisors now owns 48,775 shares of the company’s stock valued at $1,343,000 after buying an additional 2,729 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Direxion Daily TSLA Bull 2X Shares by 13.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 26,926 shares of the company’s stock worth $741,000 after buying an additional 3,294 shares during the period. Finally, Bank of Montreal Can acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $92,000.