Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Down – Time to Sell?

Posted by Erica Schwartz on Oct 25th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s share price gapped down prior to trading 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 changing hands.

Direxion Daily TSLA Bull 2X Shares Price Performance

The firm has a market cap of $2.80 billion, a PE ratio of 40.38 and a beta of -5.14. The business has a 50-day moving average price of $10.80 and a two-hundred day moving average price of $9.70.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.0803 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.32 dividend on an annualized basis and a yield of 2.36%. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Large investors have recently modified their holdings of the business. Headlands Technologies LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at $54,000. B. Riley Wealth Advisors Inc. purchased a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at about $144,000. Beacon Capital Management LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth about $120,000. AE Wealth Management LLC grew its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% during the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock worth $133,000 after buying an additional 2,000 shares in the last quarter. Finally, Sloy Dahl & Holst LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $223,000.