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

Key Points

• TSLL gapped down Monday, opening at $19.93 vs. the prior close of $20.61 and last trading around $19.43, a roughly 7.5% move on heavy volume (≈28.8M shares).
• The fund recently paid a quarterly dividend of $0.0893 per share (annualized $0.36), implying a yield of about 1.9%; the record and ex-dividend dates were Sept. 23 with payment on Sept. 30.
• Several institutions adjusted positions—UBS boosted its stake to 7.93M shares (~$167.5M), Simplex Trading increased holdings by ~199.8%, and Flow Traders and Virtu Financial initiated new stakes.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - )'s stock price gapped down prior to trading on Monday . The stock had previously closed at $20.61, but opened at $19.93. Direxion Daily TSLA Bull 2X Shares shares last traded at $19.4290, with a volume of 28,830,766 shares.

Direxion Daily TSLA Bull 2X Shares Stock Down 7.5%

The stock has a market cap of $7.12 billion, a P/E ratio of 88.55 and a beta of 2.85. The stock has a fifty day simple moving average of $19.54 and a 200-day simple moving average of $15.47.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.0893 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $0.36 annualized dividend and a yield of 1.9%.

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

Several institutional investors have recently modified their holdings of TSLL. UBS Group AG lifted its stake in Direxion Daily TSLA Bull 2X Shares by 9.0% in the third quarter. UBS Group AG now owns 7,933,334 shares of the company's stock valued at $167,473,000 after buying an additional 654,265 shares in the last quarter. Sloy Dahl & Holst LLC boosted its stake in Direxion Daily TSLA Bull 2X Shares by 1.5% in the 3rd quarter. Sloy Dahl & Holst LLC now owns 1,419,078 shares of the company's stock worth $29,957,000 after purchasing an additional 21,345 shares during the period. Simplex Trading LLC increased its holdings in Direxion Daily TSLA Bull 2X Shares by 199.8% during the 2nd quarter. Simplex Trading LLC now owns 816,632 shares of the company's stock worth $9,644,000 after purchasing an additional 544,253 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at about $13,256,000. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at about $4,375,000.

Direxion Daily TSLA Bull 2X Shares Company Profile

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