Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 4.4% – Here’s Why

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) were down 4.4% during mid-day trading on Wednesday . The company traded as low as $24.63 and last traded at $24.80. Approximately 15,538,623 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 59,499,941 shares. The stock had previously closed at $25.94.

Direxion Daily TSLA Bull 2X Shares Price Performance

The company has a market capitalization of $4.71 billion, a P/E ratio of 40.38 and a beta of -5.14. The stock’s 50 day moving average is $27.76 and its 200-day moving average is $17.48.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.1399 per share. The ex-dividend date was Monday, December 23rd.

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

Several large investors have recently made changes to their positions in TSLL. Morse Asset Management Inc bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter valued at approximately $119,000. Sanctuary Advisors LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth $152,000. B. Riley Wealth Advisors Inc. purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the second quarter worth about $213,000. Client First Investment Management LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth approximately $327,000. Finally, TRUE Private Wealth Advisors increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 5.0% in the third quarter. TRUE Private Wealth Advisors now owns 46,046 shares of the company’s stock worth $636,000 after purchasing an additional 2,204 shares in the last quarter.

About Direxion Daily TSLA Bull 2X Shares