Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 9.5% – Should You Sell?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s share price were down 9.5% during trading on Tuesday . The stock traded as low as $12.11 and last traded at $12.19. 25,582,820 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 79,490,727 shares. The stock had previously closed at $13.47.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock has a market capitalization of $4.92 billion, a PE ratio of 88.55 and a beta of 2.67. The business has a 50 day moving average price of $13.85 and a 200 day moving average price of $15.59.

Direxion Daily TSLA Bull 2X Shares Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a $0.1049 dividend. The ex-dividend date is Tuesday, June 23rd.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Several institutional investors have recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at about $36,000. Anfield Capital Management LLC raised its holdings in Direxion Daily TSLA Bull 2X Shares by 100.0% in the fourth quarter. Anfield Capital Management LLC now owns 2,000 shares of the company’s stock worth $38,000 after buying an additional 1,000 shares during the last quarter. PayPay Securities Corp lifted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 143.1% in the fourth quarter. PayPay Securities Corp now owns 2,339 shares of the company’s stock worth $45,000 after buying an additional 1,377 shares in the last quarter. BOKF NA bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter worth approximately $46,000. Finally, Bessemer Group Inc. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter worth approximately $48,000.

About Direxion Daily TSLA Bull 2X Shares

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.