Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 6.3% – What’s Next?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares traded down 6.3% during trading on Tuesday . The stock traded as low as $18.02 and last traded at $18.0140. 31,432,925 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 73,388,688 shares. The stock had previously closed at $19.22.

Direxion Daily TSLA Bull 2X Shares Trading Down 9.3%

The company has a 50 day simple moving average of $19.70 and a 200 day simple moving average of $16.54. The stock has a market cap of $5.47 billion, a P/E ratio of 88.55 and a beta of 2.85.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a $0.1122 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.45 annualized dividend and a yield of 2.6%.

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

Hedge funds have recently added to or reduced their stakes in the business. UBS Group AG increased 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 during the last quarter. Sloy Dahl & Holst LLC raised its holdings in Direxion Daily TSLA Bull 2X Shares by 1.5% in the 3rd 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 period. Simplex Trading LLC lifted its position in Direxion Daily TSLA Bull 2X Shares by 199.8% during the second quarter. Simplex Trading LLC now owns 816,632 shares of the company’s stock worth $9,644,000 after acquiring an additional 544,253 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at $13,256,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 72.3% during the second quarter. SBI Securities Co. Ltd. now owns 430,252 shares of the company’s stock worth $5,081,000 after buying an additional 180,551 shares in the last quarter.

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.