Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 5.2% – Here’s Why

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) dropped 5.2% during trading on Thursday . The company traded as low as $28.57 and last traded at $28.65. Approximately 12,892,701 shares changed hands during trading, a decline of 80% from the average daily volume of 65,364,063 shares. The stock had previously closed at $30.22.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company has a 50 day simple moving average of $26.69 and a two-hundred day simple moving average of $16.78. The company has a market cap of $5.40 billion, a PE ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.1399 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares

Several institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter valued at $51,145,000. TB Alternative Assets Ltd. bought a new position in Direxion Daily TSLA Bull 2X Shares during the third quarter valued at approximately $2,794,000. Lauer Wealth LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $5,285,000. JPMorgan Chase & Co. grew its position in Direxion Daily TSLA Bull 2X Shares by 248.3% in the third quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company’s stock worth $2,192,000 after acquiring an additional 113,068 shares in the last quarter. Finally, Scientech Research LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth $869,000.

Direxion Daily TSLA Bull 2X Shares Company Profile