Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 6.3% – What’s Next?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) dropped 6.3% during mid-day trading on Monday . The stock traded as low as $12.25 and last traded at $12.26. 11,061,545 shares were traded during mid-day trading, a decline of 86% from the average session volume of 77,220,039 shares. The stock had previously closed at $13.09.

Direxion Daily TSLA Bull 2X Shares Stock Up 0.7%

The stock has a market capitalization of $4.19 billion, a PE ratio of 88.55 and a beta of 2.70. The stock has a fifty day moving average of $13.94 and a 200-day moving average of $14.64.

Direxion Daily TSLA Bull 2X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1049 dividend. This represents a $0.42 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, June 23rd.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Hedge funds have recently added to or reduced their stakes in the company. UBS Group AG grew its holdings in Direxion Daily TSLA Bull 2X Shares by 9.0% during the 3rd quarter. UBS Group AG now owns 7,933,334 shares of the company’s stock worth $167,473,000 after acquiring an additional 654,265 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Direxion Daily TSLA Bull 2X Shares by 2,438.5% during the 1st quarter. Renaissance Technologies LLC now owns 2,198,300 shares of the company’s stock worth $26,709,000 after purchasing an additional 2,111,700 shares during the last quarter. Sloy Dahl & Holst LLC lifted its position in shares of Direxion Daily TSLA Bull 2X Shares by 19.0% during the 4th quarter. Sloy Dahl & Holst LLC now owns 1,688,402 shares of the company’s stock worth $32,265,000 after purchasing an additional 269,324 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Direxion Daily TSLA Bull 2X Shares by 1,541.0% during the fourth quarter. Bank of Montreal Can now owns 1,476,100 shares of the company’s stock worth $28,208,000 after purchasing an additional 1,386,150 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth $5,913,000.

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.