Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 9.2% – What’s Next?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price traded down 9.2% on Tuesday . The stock traded as low as $19.97 and last traded at $20.44. 92,247,891 shares were traded during mid-day trading, an increase of 134% from the average session volume of 39,488,680 shares. The stock had previously closed at $22.50.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock has a market capitalization of $3.38 billion, a P/E ratio of 40.38 and a beta of -5.14. The stock’s fifty day moving average is $12.32 and its two-hundred day moving average is $10.55.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.0803 per share. This represents a $0.32 annualized dividend and a yield of 1.82%. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, September 24th.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. bought a new stake in Direxion Daily TSLA Bull 2X Shares in the third quarter worth approximately $51,145,000. TB Alternative Assets Ltd. acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth approximately $2,794,000. Scientech Research LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the second quarter worth approximately $869,000. Virtu Financial LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $522,000. Finally, Traynor Capital Management Inc. lifted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 14.4% in the second quarter. Traynor Capital Management Inc. now owns 437,878 shares of the company’s stock worth $4,028,000 after buying an additional 55,194 shares during the last quarter.

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