Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Down 5.2% – Here’s What Happened

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares dropped 5.2% during mid-day trading on Thursday . The company traded as low as $28.57 and last traded at $28.65. Approximately 12,892,701 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 65,364,063 shares. The stock had previously closed at $30.22.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock has a fifty day moving average price of $26.23 and a 200-day moving average price of $16.56. The company has a market cap of $5.07 billion, a PE ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

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

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Several hedge funds and other institutional investors have recently modified their holdings of the company. AE Wealth Management LLC raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% during the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock worth $133,000 after acquiring an additional 2,000 shares in the last quarter. TRUE Private Wealth Advisors raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 5.0% during the third quarter. TRUE Private Wealth Advisors now owns 46,046 shares of the company’s stock worth $636,000 after acquiring an additional 2,204 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 7.3% during the third quarter. Captrust Financial Advisors now owns 47,753 shares of the company’s stock worth $660,000 after acquiring an additional 3,246 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth $119,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth $152,000.

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