Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Down 8.4% – Here’s What Happened

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares were down 8.4% during mid-day trading on Wednesday . The stock traded as low as $21.43 and last traded at $21.0870. Approximately 90,006,587 shares were traded during trading, a decline of 41% from the average daily volume of 151,745,297 shares. The stock had previously closed at $23.03.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. The stock has a 50-day moving average of $19.61 and a 200 day moving average of $15.85.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were given a dividend of $0.5794 per share. This represents a $2.32 annualized dividend and a dividend yield of 10.5%. The ex-dividend date was Wednesday, December 10th. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.09.

Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares

Several institutional investors have recently modified their holdings of TSLL. StoneX Group Inc. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter worth $1,622,000. Norden Group LLC increased its stake in Direxion Daily TSLA Bull 2X Shares by 478.2% in the second quarter. Norden Group LLC now owns 69,500 shares of the company’s stock valued at $821,000 after purchasing an additional 57,480 shares in the last quarter. Carr Financial Group Corp acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at about $319,000. Sloy Dahl & Holst LLC increased its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 16.7% during the second quarter. Sloy Dahl & Holst LLC now owns 1,397,733 shares of the company’s stock valued at $16,507,000 after acquiring an additional 200,029 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in Direxion Daily TSLA Bull 2X Shares by 72.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 430,252 shares of the company’s stock valued at $5,081,000 after acquiring an additional 180,551 shares in the last quarter.

Direxion Daily TSLA Bull 2X Shares Company Profile

The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLL was launched on Aug 9, 2022 and is managed by Direxion.