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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 7% - Should You Sell?

Direxion Daily TSLA Bull 2X Shares logo with background

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) shares traded down 7% on Monday . The stock traded as low as $29.33 and last traded at $29.39. 20,787,238 shares were traded during mid-day trading, a decline of 52% from the average session volume of 43,012,449 shares. The stock had previously closed at $31.60.

Direxion Daily TSLA Bull 2X Shares Trading Down 6.6 %

The company has a market cap of $5.66 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The business's 50 day moving average price is $22.70 and its 200-day moving average price is $15.05.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.1399 per share. The ex-dividend date of this dividend is Monday, December 23rd.

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

A number of large investors have recently made changes to their positions in the company. AE Wealth Management LLC grew its holdings in Direxion Daily TSLA Bull 2X Shares by 16.0% in the 2nd quarter. AE Wealth Management LLC now owns 14,476 shares of the company's stock valued at $133,000 after buying an additional 2,000 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter valued at about $366,000. Scientech Research LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter valued at about $869,000. B. Riley Wealth Advisors Inc. bought a new position in Direxion Daily TSLA Bull 2X Shares during the second quarter worth about $213,000. Finally, TB Alternative Assets Ltd. acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth about $2,794,000.

About Direxion Daily TSLA Bull 2X Shares

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