Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Down 5.6% – Here’s What Happened

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) traded down 5.6% during trading on Wednesday . The stock traded as low as $19.16 and last traded at $19.42. 21,630,871 shares were traded during mid-day trading, a decline of 47% from the average session volume of 41,144,223 shares. The stock had previously closed at $20.58.

Direxion Daily TSLA Bull 2X Shares Trading Down 3.2 %

The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The stock’s 50 day moving average is $14.46 and its two-hundred day moving average is $11.47.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a dividend of $0.0803 per share. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.32 annualized dividend and a dividend yield of 1.61%.

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

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth approximately $522,000. TRUE Private Wealth Advisors lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 2.7% during the second quarter. TRUE Private Wealth Advisors now owns 43,842 shares of the company’s stock worth $403,000 after purchasing an additional 1,142 shares during the period. Traynor Capital Management Inc. grew its position in Direxion Daily TSLA Bull 2X Shares by 14.4% in the 2nd quarter. Traynor Capital Management Inc. now owns 437,878 shares of the company’s stock valued at $4,028,000 after buying an additional 55,194 shares during the last quarter. Beacon Capital Management LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at $120,000. Finally, AE Wealth Management LLC raised its position in Direxion Daily TSLA Bull 2X Shares by 16.0% during the 2nd 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 during the last quarter.

Direxion Daily TSLA Bull 2X Shares Company Profile