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 Monday . The stock had previously closed at $26.70, but opened at $24.33. Direxion Daily TSLA Bull 2X Shares shares last traded at $23.76, with a volume of 29,356,767 shares traded.

Direxion Daily TSLA Bull 2X Shares Price Performance

The company’s 50-day simple moving average is $28.02 and its 200-day simple moving average is $17.72. The stock has a market capitalization of $4.50 billion, a P/E ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders 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 and hedge funds have recently added to or reduced their stakes in the company. PayPay Securities Corp acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at $50,000. Morse Asset Management Inc acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at $119,000. Global Retirement Partners LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at $275,000. Sanctuary Advisors LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at $152,000. Finally, Client First Investment Management LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at $327,000.

Direxion Daily TSLA Bull 2X Shares Company Profile