Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 7% – What’s Next?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price dropped 7% during mid-day trading on Monday . The stock traded as low as $29.33 and last traded at $29.39. Approximately 20,787,238 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 43,012,449 shares. The stock had previously closed at $31.60.

Direxion Daily TSLA Bull 2X Shares Price Performance

The company’s 50-day moving average price is $22.30 and its 200-day moving average price is $14.90. The company has a market cap of $5.76 billion, a P/E ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a $0.1399 dividend. The ex-dividend date is Monday, December 23rd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC lifted its position in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% during the 2nd quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock worth $133,000 after buying an additional 2,000 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the second quarter worth $366,000. Scientech Research LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at $869,000. B. Riley Wealth Advisors Inc. purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at $213,000. Finally, TB Alternative Assets Ltd. purchased a new position in Direxion Daily TSLA Bull 2X Shares during the third quarter worth about $2,794,000.

Direxion Daily TSLA Bull 2X Shares Company Profile