Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 4.4% – Here’s Why

Posted by Terry King on Jan 31st, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) traded down 4.4% on Wednesday . The company traded as low as $24.63 and last traded at $24.80. 15,538,623 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 59,499,941 shares. The stock had previously closed at $25.94.

Direxion Daily TSLA Bull 2X Shares Stock Up 2.0 %

The business has a 50-day simple moving average of $27.94 and a 200-day simple moving average of $17.59. The company has a market cap of $5.08 billion, a PE ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm 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 of this dividend was Monday, December 23rd.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Several institutional investors have recently modified their holdings of TSLL. Global Retirement Partners LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $275,000. Sanctuary Advisors LLC increased its stake in Direxion Daily TSLA Bull 2X Shares by 13.7% during the 4th quarter. Sanctuary Advisors LLC now owns 12,500 shares of the company’s stock worth $327,000 after buying an additional 1,505 shares in the last quarter. PayPay Securities Corp acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at approximately $50,000. Sloy Dahl & Holst LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $2,352,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth approximately $916,000.