Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Down – Should You Sell?

Posted by Amy Steele on Jan 13th, 2025

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $25.92, but opened at $24.38. Direxion Daily TSLA Bull 2X Shares shares last traded at $24.66, with a volume of 14,968,271 shares traded.

Direxion Daily TSLA Bull 2X Shares Stock Down 2.2 %

The stock has a fifty day moving average of $25.34 and a 200-day moving average of $16.22. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

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

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 248.3% in the third quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company’s stock valued at $2,192,000 after buying an additional 113,068 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $152,000. Morse Asset Management Inc purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at approximately $119,000. TRUE Private Wealth Advisors raised its stake 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 purchasing an additional 2,204 shares during the last quarter. Finally, Captrust Financial Advisors lifted 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 purchasing an additional 3,246 shares during the period.