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

Posted by Financial News Live on Nov 27th, 2024

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

Direxion Daily TSLA Bull 2X Shares Trading Down 2.9 %

The stock has a market capitalization of $3.83 billion, a PE ratio of 40.38 and a beta of -5.14. The stock has a 50 day moving average price of $14.12 and a 200-day moving average price of $11.36.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.0803 per share. 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%. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. TRUE Private Wealth Advisors raised its position in Direxion Daily TSLA Bull 2X Shares by 2.7% in the second quarter. TRUE Private Wealth Advisors now owns 43,842 shares of the company’s stock worth $403,000 after acquiring an additional 1,142 shares during the period. AE Wealth Management LLC increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% in the 2nd quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock worth $133,000 after purchasing an additional 2,000 shares in the last quarter. Captrust Financial Advisors raised its holdings in Direxion Daily TSLA Bull 2X Shares by 7.3% in the 3rd 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. Morse Asset Management Inc purchased a new position in Direxion Daily TSLA Bull 2X Shares during the third quarter valued at $119,000. Finally, Sanctuary Advisors LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter valued at about $152,000.