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

Posted by Mark Dietrich on Jan 13th, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $25.92, but opened at $24.38. Direxion Daily TSLA Bull 2X Shares shares last traded at $24.66, with a volume of 14,968,271 shares changing hands.

Direxion Daily TSLA Bull 2X Shares Trading Down 2.2 %

The company has a fifty day simple moving average of $25.34 and a 200-day simple moving average of $16.22. The company has a market capitalization of $4.68 billion, a PE 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. Shareholders of record on Monday, December 23rd were paid a dividend of $0.1399 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Morse Asset Management Inc purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter worth about $119,000. Sanctuary Advisors LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at about $152,000. AE Wealth Management LLC grew its position in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% during the second 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 in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at approximately $213,000. Finally, Garden State Investment Advisory Services LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the second quarter worth approximately $366,000.