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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 8.8% - Here's Why

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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report)'s share price dropped 8.8% on Thursday . The stock traded as low as $8.44 and last traded at $8.33. Approximately 54,081,162 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 58,677,654 shares. The stock had previously closed at $9.14.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock's fifty day simple moving average is $20.15 and its 200-day simple moving average is $18.94. The stock has a market cap of $1.61 billion, a P/E ratio of 43.99 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors 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

A number of hedge funds have recently added to or reduced their stakes in TSLL. PayPay Securities Corp bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at $50,000. Bank of Montreal Can acquired a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at about $92,000. Morse Asset Management Inc bought a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter worth about $119,000. Optiver Holding B.V. bought a new stake in Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $240,000. Finally, Aire Advisors LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $241,000.

Direxion Daily TSLA Bull 2X Shares Company Profile

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