Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL) Shares Gap Down – Here’s Why

Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL – Get Free Report)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $11.07, but opened at $10.06. Direxion Daily TSLA Bull 2X ETF shares last traded at $10.4470, with a volume of 20,780,627 shares changing hands.

Direxion Daily TSLA Bull 2X ETF Trading Down 4.4%

The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. The company has a fifty day moving average of $9.90 and a two-hundred day moving average of $12.29.

Institutional Investors Weigh In On Direxion Daily TSLA Bull 2X ETF

Large investors have recently modified their holdings of the stock. 180 Wealth Advisors LLC grew its holdings in shares of Direxion Daily TSLA Bull 2X ETF by 12.5% in the 3rd quarter. 180 Wealth Advisors LLC now owns 26,062 shares of the company’s stock worth $235,000 after purchasing an additional 2,906 shares during the last quarter. StoneX Group Inc. bought a new stake in Direxion Daily TSLA Bull 2X ETF during the third quarter worth about $1,883,000. Parallel Advisors LLC grew its stake in Direxion Daily TSLA Bull 2X ETF by 18.8% during the third quarter. Parallel Advisors LLC now owns 8,193 shares of the company’s stock worth $74,000 after buying an additional 1,298 shares during the last quarter. PayPay Securities Corp increased its holdings in shares of Direxion Daily TSLA Bull 2X ETF by 57.4% during the third quarter. PayPay Securities Corp now owns 2,850 shares of the company’s stock worth $26,000 after buying an additional 1,039 shares in the last quarter. Finally, James J. Burns & Company LLC bought a new position in shares of Direxion Daily TSLA Bull 2X ETF in the third quarter valued at approximately $98,000.

About Direxion Daily TSLA Bull 2X ETF

(Get Free Report)

The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLL was launched on Aug 9, 2022 and is managed by Direxion.

Further Reading

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