Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 13.2% – Should You Sell?

Posted by Chris Copeland on Apr 6th, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s stock price traded down 13.2% on Friday . The stock traded as low as $8.60 and last traded at $8.71. 88,632,561 shares were traded during trading, an increase of 25% from the average session volume of 71,095,082 shares. The stock had previously closed at $10.03.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock has a market cap of $3.45 billion, a PE ratio of 47.43 and a beta of -5.14. The firm has a 50-day moving average price of $15.11 and a 200-day moving average price of $18.82.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.0845 dividend. This represents a $0.34 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend was Tuesday, March 25th. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

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

Several institutional investors and hedge funds have recently made changes to their positions in TSLL. Simplex Trading LLC boosted its stake in Direxion Daily TSLA Bull 2X Shares by 230.3% during the 4th quarter. Simplex Trading LLC now owns 465,134 shares of the company’s stock valued at $12,805,000 after purchasing an additional 324,332 shares during the last quarter. Barclays PLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at $7,433,000. SBI Securities Co. Ltd. bought a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth about $5,752,000. Lauer Wealth LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth about $5,285,000. Finally, Simplify Asset Management Inc. bought a new position in Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at about $5,014,000.