Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 6.7% – Time to Sell?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares dropped 6.7% during mid-day trading on Tuesday . The company traded as low as $26.05 and last traded at $26.34. Approximately 28,936,555 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 68,430,258 shares. The stock had previously closed at $28.22.

Direxion Daily TSLA Bull 2X Shares Price Performance

The firm has a 50-day simple moving average of $24.25 and a 200 day simple moving average of $15.73. The stock has a market capitalization of $4.60 billion, a P/E ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.1399 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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

A number of institutional investors have recently added to or reduced their stakes in TSLL. Citigroup Inc. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth $51,145,000. TB Alternative Assets Ltd. acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $2,794,000. JPMorgan Chase & Co. grew its position in shares of Direxion Daily TSLA Bull 2X Shares by 248.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company’s stock valued at $2,192,000 after buying an additional 113,068 shares during the last quarter. Scientech Research LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter valued at about $869,000. Finally, Captrust Financial Advisors raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 7.3% during the third quarter. Captrust Financial Advisors now owns 47,753 shares of the company’s stock worth $660,000 after acquiring an additional 3,246 shares during the last quarter.

About Direxion Daily TSLA Bull 2X Shares