Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 9.5% – What’s Next?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares were down 9.5% during mid-day trading on Tuesday . The company traded as low as $12.11 and last traded at $12.19. Approximately 25,582,820 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 79,490,727 shares. The stock had previously closed at $13.47.

Direxion Daily TSLA Bull 2X Shares Price Performance

The firm has a market cap of $4.92 billion, a PE ratio of 88.55 and a beta of 2.67. The firm has a 50-day simple moving average of $13.85 and a 200 day simple moving average of $15.59.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a $0.1049 dividend. The ex-dividend date is Tuesday, June 23rd.

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

Several hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter valued at approximately $36,000. Anfield Capital Management LLC boosted its position 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 worth $38,000 after purchasing an additional 1,000 shares in the last quarter. PayPay Securities Corp boosted its position in shares of 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 in the last quarter. BOKF NA purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth approximately $46,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter worth approximately $48,000.

About Direxion Daily TSLA Bull 2X Shares

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.