Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Down 6.7% – Should You Sell?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price traded down 6.7% during trading on Tuesday . The stock traded as low as $26.05 and last traded at $26.34. 28,936,555 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 68,430,258 shares. The stock had previously closed at $28.22.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company has a market cap of $4.60 billion, a P/E ratio of 40.38 and a beta of -5.14. The stock’s fifty day moving average price is $24.25 and its two-hundred day moving average price is $15.73.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.1399 dividend. 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 institutional investors have recently modified their holdings of TSLL. Morse Asset Management Inc bought a new position in Direxion Daily TSLA Bull 2X Shares in the third quarter valued at about $119,000. AE Wealth Management LLC grew its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% during the 2nd quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock valued at $133,000 after purchasing an additional 2,000 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $152,000. B. Riley Wealth Advisors Inc. bought a new position in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at approximately $213,000. Finally, Garden State Investment Advisory Services LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at approximately $366,000.

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