Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 6.3% – Time to Sell?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares were down 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 were traded during mid-day trading, a decline of 86% from the average session volume of 77,220,039 shares. The stock had previously closed at $13.09.

Direxion Daily TSLA Bull 2X Shares Stock Performance

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

Direxion Daily TSLA Bull 2X Shares Announces Dividend

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

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

A number of institutional investors have recently made changes to their positions in TSLL. Bison Wealth LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth approximately $1,514,000. NewEdge Advisors LLC increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 255.7% in the first quarter. NewEdge Advisors LLC now owns 38,240 shares of the company’s stock worth $364,000 after buying an additional 27,490 shares during the period. Jump Financial LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at $126,000. Snowden Capital Advisors LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at $2,136,000. Finally, Captrust Financial Advisors boosted its position in Direxion Daily TSLA Bull 2X Shares by 27.7% during the 2nd quarter. Captrust Financial Advisors now owns 78,116 shares of the company’s stock valued at $923,000 after buying an additional 16,938 shares during the period.

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.