Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 6.7% – Here’s Why

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price fell 6.7% during trading on Thursday . The stock traded as low as $10.87 and last traded at $11.32. 27,656,634 shares traded hands during trading, a decline of 49% from the average session volume of 54,606,998 shares. The stock had previously closed at $12.13.

Direxion Daily TSLA Bull 2X Shares Stock Down 13.5 %

The stock’s 50 day moving average price is $23.34 and its two-hundred day moving average price is $18.92. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 38.91 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.1399 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PayPay Securities Corp bought a new stake in Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth approximately $50,000. Bank of Montreal Can bought a new stake in Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $92,000. Morse Asset Management Inc acquired a new position in Direxion Daily TSLA Bull 2X Shares during the third quarter worth $119,000. Sanctuary Advisors LLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the third quarter valued at about $152,000. Finally, Optiver Holding B.V. bought a new position in Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at about $240,000.

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