Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Down – What’s Next?

Posted by Max Byerly on Oct 27th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $12.95, but opened at $12.50. Direxion Daily TSLA Bull 2X Shares shares last traded at $13.66, with a volume of 38,327,887 shares traded.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The stock has a market capitalization of $2.84 billion, a P/E ratio of 40.38 and a beta of -5.14. The business has a fifty day simple moving average of $10.88 and a 200-day simple moving average of $9.76.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a dividend of $0.0803 per share. The ex-dividend date was Tuesday, September 24th. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a yield of 2.33%.

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

Several institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. bought a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at about $144,000. Sloy Dahl & Holst LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter valued at approximately $223,000. Clarity Capital Partners LLC raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 112.8% during the first quarter. Clarity Capital Partners LLC now owns 156,790 shares of the company’s stock worth $1,272,000 after purchasing an additional 83,110 shares during the period. Headlands Technologies LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter worth $54,000. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at $522,000.