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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $9.28 and last traded at $9.28, with a volume of 15053364 shares traded. The stock had previously closed at $10.96.

Direxion Daily TSLA Bull 2X Shares Stock Down 21.5%

The firm’s 50-day moving average price is $13.45 and its two-hundred day moving average price is $14.27. The firm has a market capitalization of $2.83 billion, a PE ratio of 88.55 and a beta of 2.70.

Direxion Daily TSLA Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.1049 dividend. This represents a $0.42 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Tuesday, June 23rd.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSLL. Bison Wealth LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at $1,514,000. NewEdge Advisors LLC boosted its position in shares of Direxion Daily TSLA Bull 2X Shares by 255.7% in the first quarter. NewEdge Advisors LLC now owns 38,240 shares of the company’s stock worth $364,000 after buying an additional 27,490 shares during the period. Jump Financial LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth $126,000. Snowden Capital Advisors LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter valued at $2,136,000. Finally, Captrust Financial Advisors grew its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 27.7% during the second quarter. Captrust Financial Advisors now owns 78,116 shares of the company’s stock valued at $923,000 after buying an additional 16,938 shares in the last quarter.

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.