Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Hits New 1-Year Low – What’s Next?

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) reached a new 52-week low during trading on Thursday . The stock traded as low as $9.28 and last traded at $9.28, with a volume of 15053364 shares trading hands. The stock had previously closed at $10.96.

Direxion Daily TSLA Bull 2X Shares Price Performance

The stock has a market capitalization of $2.83 billion, a P/E ratio of 88.55 and a beta of 2.70. The stock’s fifty day moving average is $13.45 and its two-hundred day moving average is $14.27.

Direxion Daily TSLA Bull 2X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.1049 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Tuesday, June 23rd.

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

A number of hedge funds have recently modified their holdings of the stock. Summit Securities Group LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter valued at $36,000. Anfield Capital Management LLC increased its stake in Direxion Daily TSLA Bull 2X Shares by 100.0% in the 4th quarter. Anfield Capital Management LLC now owns 2,000 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares in the last quarter. PayPay Securities Corp increased its stake in Direxion Daily TSLA Bull 2X Shares by 143.1% in the 4th quarter. PayPay Securities Corp now owns 2,339 shares of the company’s stock worth $45,000 after purchasing an additional 1,377 shares in the last quarter. BOKF NA acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $46,000. Finally, Bessemer Group Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth about $48,000.

Direxion Daily TSLA Bull 2X Shares Company Profile

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.