Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 9.2% – What’s Next?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price were down 9.2% during mid-day trading on Tuesday . The stock traded as low as $19.97 and last traded at $20.44. Approximately 92,247,891 shares traded hands during mid-day trading, an increase of 134% from the average daily volume of 39,488,680 shares. The stock had previously closed at $22.50.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company’s 50-day moving average is $11.91 and its 200-day moving average is $10.39. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a dividend of $0.0803 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.63%. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, September 24th.

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

Large investors have recently made changes to their positions in the stock. TRUE Private Wealth Advisors increased its position in shares of Direxion Daily TSLA Bull 2X Shares by 2.7% in the second quarter. TRUE Private Wealth Advisors now owns 43,842 shares of the company’s stock worth $403,000 after purchasing an additional 1,142 shares during the period. AE Wealth Management LLC raised its position in Direxion Daily TSLA Bull 2X Shares by 16.0% in the 2nd quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock valued at $133,000 after buying an additional 2,000 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at $54,000. Beacon Capital Management LLC bought a new position in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at $120,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth $213,000.

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