Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 7.3% – What’s Next?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price were down 7.3% during mid-day trading on Thursday . The company traded as low as $17.69 and last traded at $17.5350. Approximately 30,363,492 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 156,680,234 shares. The stock had previously closed at $18.91.

Direxion Daily TSLA Bull 2X Shares Trading Down 11.8%

The firm has a market cap of $6.23 billion, a PE ratio of 88.55 and a beta of 2.85. The company has a 50-day simple moving average of $19.37 and a 200 day simple moving average of $14.79.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.0893 per share. This represents a $0.36 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 23rd.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Large investors have recently made changes to their positions in the company. Bison Wealth LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at $1,514,000. Cerity Partners LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter worth about $267,000. Formidable Asset Management LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the first quarter worth about $243,000. AE Wealth Management LLC grew its stake in Direxion Daily TSLA Bull 2X Shares by 54.1% during the 1st quarter. AE Wealth Management LLC now owns 17,154 shares of the company’s stock valued at $163,000 after acquiring an additional 6,023 shares in the last quarter. Finally, Norden Group LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at about $114,000.

About Direxion Daily TSLA Bull 2X Shares