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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLLGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $10.38, but opened at $9.59. Direxion Daily TSLA Bull 2X Shares shares last traded at $9.2650, with a volume of 28,314,600 shares changing hands.

Direxion Daily TSLA Bull 2X Shares Trading Down 11.8%

The stock has a market cap of $3.91 billion, a P/E ratio of 88.55 and a beta of 2.83. The firm’s fifty day moving average is $9.97 and its 200 day moving average is $12.35.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Anfield Capital Management LLC increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 100.0% in the fourth quarter. Anfield Capital Management LLC now owns 2,000 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares during the period. BOKF NA bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at approximately $46,000. Summit Securities Group LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at approximately $36,000. Bessemer Group Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at approximately $48,000. Finally, Federation des caisses Desjardins du Quebec grew its stake in shares of Direxion Daily TSLA Bull 2X Shares by 232.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,825 shares of the company’s stock worth $92,000 after acquiring an additional 3,375 shares during the last quarter.

About Direxion Daily TSLA Bull 2X Shares

(Get Free Report)

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.

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