Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Down 6.1% – Should You Sell?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price dropped 6.1% during mid-day trading on Thursday . The stock traded as low as $13.58 and last traded at $13.62. Approximately 28,558,948 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 78,376,672 shares. The stock had previously closed at $14.50.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company has a market capitalization of $4.47 billion, a PE ratio of 88.55 and a beta of 2.70. The firm’s 50-day simple moving average is $13.89 and its 200 day simple moving average is $15.23.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.1049 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.42 annualized dividend and a dividend yield of 3.3%.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Institutional investors have recently added to or reduced their stakes in the stock. Anfield Capital Management LLC increased its holdings in Direxion Daily TSLA Bull 2X Shares by 100.0% in the fourth quarter. Anfield Capital Management LLC now owns 2,000 shares of the company’s stock valued at $38,000 after buying an additional 1,000 shares in the last quarter. BOKF NA purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $46,000. PayPay Securities Corp boosted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 143.1% during the 4th quarter. PayPay Securities Corp now owns 2,339 shares of the company’s stock worth $45,000 after acquiring an additional 1,377 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter worth approximately $36,000. Finally, Bessemer Group Inc. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter worth approximately $48,000.

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.