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Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Down - Here's Why

Direxion Daily TSLA Bull 2X Shares logo with background

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $11.53, but opened at $9.79. Direxion Daily TSLA Bull 2X Shares shares last traded at $9.95, with a volume of 90,039,879 shares traded.

Direxion Daily TSLA Bull 2X Shares Stock Down 13.4%

The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 88.55 and a beta of -5.14. The business's fifty day moving average is $12.73 and its two-hundred day moving average is $15.98.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a $0.0896 dividend. This is a boost from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Tuesday, June 24th.

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

Hedge funds have recently bought and sold shares of the stock. Fortis Capital Management LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $262,000. Simplify Asset Management Inc. purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $5,014,000. Simplex Trading LLC increased its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 230.3% in the 4th quarter. Simplex Trading LLC now owns 465,134 shares of the company's stock valued at $12,805,000 after acquiring an additional 324,332 shares during the last quarter. Aire Advisors LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $241,000. Finally, Bank of Montreal Can acquired a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $92,000.

About Direxion Daily TSLA Bull 2X Shares

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