Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Down 5%

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) traded down 5% on Tuesday . The company traded as low as $7.92 and last traded at $8.01. 6,396,474 shares were traded during trading, a decline of 66% from the average session volume of 18,959,420 shares. The stock had previously closed at $8.43.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock’s 50-day simple moving average is $7.86 and its two-hundred day simple moving average is $10.73. The firm has a market capitalization of $894.45 million, a P/E ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were paid a dividend of $0.0788 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.32 annualized dividend and a yield of 4.03%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TSLL. Traynor Capital Management Inc. increased its position in Direxion Daily TSLA Bull 2X Shares by 22.6% during the first quarter. Traynor Capital Management Inc. now owns 382,684 shares of the company’s stock valued at $3,104,000 after acquiring an additional 70,574 shares during the last quarter. Clarity Capital Partners LLC lifted its stake in Direxion Daily TSLA Bull 2X Shares by 112.8% in the first quarter. Clarity Capital Partners LLC now owns 156,790 shares of the company’s stock worth $1,272,000 after purchasing an additional 83,110 shares during the last quarter. Simplex Trading LLC lifted its stake in Direxion Daily TSLA Bull 2X Shares by 122.1% in the third quarter. Simplex Trading LLC now owns 95,631 shares of the company’s stock worth $1,479,000 after purchasing an additional 52,579 shares during the last quarter. First City Capital Management Inc. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter valued at approximately $1,053,000. Finally, TRUE Private Wealth Advisors grew its stake in shares of Direxion Daily TSLA Bull 2X Shares by 11.2% during the first quarter. TRUE Private Wealth Advisors now owns 42,700 shares of the company’s stock valued at $346,000 after buying an additional 4,315 shares during the last quarter.

About Direxion Daily TSLA Bull 2X Shares