Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 3.9% – Should You Sell?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) fell 3.9% on Monday . The company traded as low as $12.03 and last traded at $12.05. 14,859,687 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 33,868,141 shares. The stock had previously closed at $12.54.

Direxion Daily TSLA Bull 2X Shares Price Performance

The company has a market cap of $2.10 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The company’s 50-day simple moving average is $10.58 and its 200-day simple moving average is $9.54.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a $0.0803 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a dividend yield of 2.68%.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Several large investors have recently modified their holdings of TSLL. Clarity Capital Partners LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at about $1,058,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at approximately $144,000. Traynor Capital Management Inc. boosted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 22.6% during the 1st quarter. Traynor Capital Management Inc. now owns 382,684 shares of the company’s stock valued at $3,104,000 after buying an additional 70,574 shares during the last quarter. Sloy Dahl & Holst LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter worth approximately $223,000. Finally, Headlands Technologies LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter worth $54,000.

Direxion Daily TSLA Bull 2X Shares Company Profile