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

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) gapped down prior to trading on Thursday . The stock had previously closed at $27.53, but opened at $25.70. Direxion Daily TSLA Bull 2X Shares shares last traded at $25.07, with a volume of 43,629,021 shares trading hands.

Direxion Daily TSLA Bull 2X Shares Stock Down 11.1 %

The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The company’s 50-day moving average price is $23.43 and its 200-day moving average price is $15.28.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently disclosed 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 of this dividend was Monday, December 23rd.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in TSLL. AE Wealth Management LLC grew its holdings in 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 during the period. Garden State Investment Advisory Services LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter valued at approximately $366,000. Scientech Research LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the second quarter worth approximately $869,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth $213,000. Finally, TB Alternative Assets Ltd. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter worth approximately $2,794,000.

About Direxion Daily TSLA Bull 2X Shares