Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Down 4.8% – What’s Next?

Posted by Don Miller on Feb 5th, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) were down 4.8% during mid-day trading on Wednesday . The company traded as low as $23.53 and last traded at $23.77. Approximately 18,545,832 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 61,224,676 shares. The stock had previously closed at $24.97.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock’s 50-day moving average price is $28.18 and its 200 day moving average price is $17.87. The firm has a market cap of $4.45 billion, a P/E ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at $916,000. JPMorgan Chase & Co. raised its stake in Direxion Daily TSLA Bull 2X Shares by 248.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company’s stock worth $2,192,000 after purchasing an additional 113,068 shares in the last quarter. TB Alternative Assets Ltd. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth approximately $2,794,000. Lauer Wealth LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $5,285,000. Finally, Sloy Dahl & Holst LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $2,352,000.