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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Down 4.8% - Here's What Happened

Direxion Daily TSLA Bull 2X Shares logo with background

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report)'s stock price dropped 4.8% during trading on Wednesday . The stock traded as low as $23.53 and last traded at $23.77. Approximately 18,545,832 shares were traded during trading, a decline of 70% from the average daily volume of 61,224,676 shares. The stock had previously closed at $24.97.

Direxion Daily TSLA Bull 2X Shares Trading Down 7.0 %

The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The business has a 50-day moving average price of $28.29 and a two-hundred day moving average price of $18.02.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.1399 dividend. The ex-dividend date was Monday, December 23rd.

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

Institutional investors have recently modified their holdings of the company. Citigroup Inc. bought a new position in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth approximately $51,145,000. SBI Securities Co. Ltd. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $5,752,000. TB Alternative Assets Ltd. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter worth $2,794,000. Lauer Wealth LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at $5,285,000. Finally, Shengqi Capital Hong Kong Ltd bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at about $4,130,000.

About Direxion Daily TSLA Bull 2X Shares

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