Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 6.7%

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares dropped 6.7% during trading on Tuesday . The company traded as low as $12.86 and last traded at $12.90. Approximately 19,110,342 shares changed hands during trading, a decline of 42% from the average daily volume of 33,135,211 shares. The stock had previously closed at $13.82.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The company’s 50 day simple moving average is $10.46 and its two-hundred day simple moving average is $9.35.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th will be issued a dividend of $0.0803 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.48%. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, September 24th.

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

Institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new stake in Direxion Daily TSLA Bull 2X Shares in the second quarter worth approximately $213,000. Scientech Research LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the second quarter worth $869,000. Garden State Investment Advisory Services LLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the second quarter valued at about $366,000. AE Wealth Management LLC lifted its position in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% in the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock worth $133,000 after buying an additional 2,000 shares during the last quarter. Finally, Beacon Capital Management LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth about $120,000.

Direxion Daily TSLA Bull 2X Shares Company Profile