Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 7.4% – Here’s What Happened

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price were down 7.4% on Tuesday . The company traded as low as $18.58 and last traded at $18.41. Approximately 34,027,935 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 62,644,105 shares. The stock had previously closed at $19.87.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The firm’s 50-day simple moving average is $28.23 and its 200-day simple moving average is $18.14. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.1399 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TSLL. PayPay Securities Corp acquired a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth about $50,000. Morse Asset Management Inc acquired a new position in Direxion Daily TSLA Bull 2X Shares during the third quarter worth $119,000. Sanctuary Advisors LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the third quarter worth $152,000. Global Retirement Partners LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth $275,000. Finally, Client First Investment Management LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth approximately $327,000.

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