Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 4.5% – Here’s What Happened

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) fell 4.5% during trading on Monday . The company traded as low as $10.84 and last traded at $10.86. 66,950,477 shares traded hands during trading, a decline of 7% from the average session volume of 72,186,422 shares. The stock had previously closed at $11.37.

Direxion Daily TSLA Bull 2X Shares Trading Down 7.3%

The firm has a fifty day moving average of $14.62 and a two-hundred day moving average of $17.84. The company has a market cap of $3.86 billion, a PE ratio of 88.55 and a beta of 2.85.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a $0.0994 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.40 annualized dividend and a dividend yield of 3.8%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Spire Wealth Management bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at $30,000. Toth Financial Advisory Corp raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 99.2% during the 3rd quarter. Toth Financial Advisory Corp now owns 1,657 shares of the company’s stock valued at $35,000 after purchasing an additional 825 shares during the period. Anfield Capital Management LLC lifted its holdings in Direxion Daily TSLA Bull 2X Shares by 100.0% during the 4th quarter. Anfield Capital Management LLC now owns 2,000 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares in the last quarter. PayPay Securities Corp boosted its stake in Direxion Daily TSLA Bull 2X Shares by 143.1% in the 4th quarter. PayPay Securities Corp now owns 2,339 shares of the company’s stock worth $45,000 after purchasing an additional 1,377 shares during the period. Finally, BOKF NA bought a new position in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth about $46,000.

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.