Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Down - What's Next?

Key Points

• Direxion Daily TSLA Bull 2X Shares (NASDAQ: TSLL) opened at $18.40, down from a previous close of $20.10, indicating a significant drop.
• The company recently declared a quarterly dividend of $0.0893, resulting in an annualized dividend of $0.36 and a dividend yield of 1.8%.
• Several institutional investors have increased their holdings in TSLL, with Toth Financial Advisory Corp boosting their stake by 99.2% during the third quarter.

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - ) gapped down prior to trading on Thursday . The stock had previously closed at $20.10, but opened at $18.40. Direxion Daily TSLA Bull 2X Shares shares last traded at $18.80, with a volume of 61,462,595 shares trading hands.

Direxion Daily TSLA Bull 2X Shares Stock Down 3.0%

The company has a market cap of $7.65 billion, a price-to-earnings ratio of 88.55 and a beta of -5.14. The firm has a 50 day moving average price of $16.91 and a two-hundred day moving average price of $13.40.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were paid a $0.0893 dividend. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.36 annualized dividend and a dividend yield of 1.8%.

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

Several institutional investors and hedge funds have recently made changes to their positions in TSLL. Toth Financial Advisory Corp grew its stake in Direxion Daily TSLA Bull 2X Shares by 99.2% during the third quarter. Toth Financial Advisory Corp now owns 1,657 shares of the company's stock worth $35,000 after purchasing an additional 825 shares during the period. Beaird Harris Wealth Management LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the first quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the first quarter worth approximately $33,000. Headlands Technologies LLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the first quarter worth approximately $52,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the second quarter worth approximately $85,000.

About Direxion Daily TSLA Bull 2X Shares

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