Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Hits New 1-Year Low – Here’s What Happened

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) reached a new 52-week low on Wednesday . The stock traded as low as $6.85 and last traded at $7.15, with a volume of 84659163 shares traded. The stock had previously closed at $7.24.

Direxion Daily TSLA Bull 2X Shares Stock Down 1.2%

The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 88.55 and a beta of 2.70. The stock has a fifty day moving average of $12.84 and a 200-day moving average of $13.97.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.1049 per share. This represents a $0.42 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TSLL. Sloy Dahl & Holst LLC raised its stake in 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 acquiring an additional 269,324 shares in the last quarter. Genesis Financial Group LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at $886,000. Virtu Financial LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at $5,913,000. Stevens Capital Management LP grew its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 97.8% during the fourth quarter. Stevens Capital Management LP now owns 126,479 shares of the company’s stock worth $2,417,000 after purchasing an additional 62,549 shares during the last quarter. Finally, Bison Wealth LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $1,514,000.

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.