Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 6.9% – Here’s Why

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) fell 6.9% during trading on Friday . The company traded as low as $9.65 and last traded at $9.88. 90,357,429 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 66,756,694 shares. The stock had previously closed at $10.62.

Direxion Daily TSLA Bull 2X Shares Price Performance

The firm’s fifty day moving average is $17.38 and its 200-day moving average is $18.80. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 43.99 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be issued a dividend of $0.0845 per share. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Tuesday, March 25th.

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

Several large investors have recently modified their holdings of TSLL. Simplex Trading LLC raised its stake in Direxion Daily TSLA Bull 2X Shares by 230.3% in the 4th quarter. Simplex Trading LLC now owns 465,134 shares of the company’s stock valued at $12,805,000 after acquiring an additional 324,332 shares during the period. Barclays PLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at $7,433,000. SBI Securities Co. Ltd. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $5,752,000. Lauer Wealth LLC bought a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at $5,285,000. Finally, Simplify Asset Management Inc. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at about $5,014,000.

About Direxion Daily TSLA Bull 2X Shares