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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Down 13.2% - Here's Why

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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report)'s stock price were down 13.2% on Friday . The company traded as low as $8.60 and last traded at $8.71. Approximately 88,632,561 shares changed hands during trading, an increase of 25% from the average daily volume of 71,095,082 shares. The stock had previously closed at $10.03.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock has a market cap of $4.30 billion, a P/E ratio of 47.43 and a beta of -5.14. The firm's fifty day simple moving average is $14.00 and its 200-day simple moving average is $18.73.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a $0.0845 dividend. This is a positive change from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.34 annualized dividend and a yield of 3.43%.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

A number of large investors have recently bought and sold shares of TSLL. PayPay Securities Corp bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at about $50,000. Parallel Advisors LLC lifted its stake in Direxion Daily TSLA Bull 2X Shares by 1,723.8% in the first quarter. Parallel Advisors LLC now owns 7,295 shares of the company's stock valued at $69,000 after buying an additional 6,895 shares during the period. Bank of Montreal Can bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $92,000. Morse Asset Management Inc bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $119,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $152,000.

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Direxion Daily TSLA Bull 2X Shares Company Profile

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