Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Hits New 1-Year Low – Time to Sell?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $6.85 and last traded at $7.15, with a volume of 84659163 shares changing hands. The stock had previously closed at $7.24.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company’s 50-day moving average price is $12.54 and its 200 day moving average price is $13.81. The stock has a market capitalization of $2.86 billion, a PE ratio of 88.55 and a beta of 2.70.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.1049 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.42 annualized dividend and a yield of 5.8%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TSLL. Anfield Capital Management LLC lifted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 100.0% in the 4th quarter. Anfield Capital Management LLC now owns 2,000 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the period. BOKF NA purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the third quarter worth $46,000. PayPay Securities Corp grew its stake in Direxion Daily TSLA Bull 2X Shares by 143.1% in the fourth 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. Summit Securities Group LLC bought a new position in Direxion Daily TSLA Bull 2X Shares in the first quarter worth $36,000. Finally, Bessemer Group Inc. bought a new position in Direxion Daily TSLA Bull 2X Shares in the first quarter worth $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.