Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report)'s stock price dropped 5.2% during trading on Thursday . The stock traded as low as $12.02 and last traded at $12.11. Approximately 168,465,785 shares changed hands during trading, an increase of 56% from the average daily volume of 108,192,543 shares. The stock had previously closed at $12.78.
Direxion Daily TSLA Bull 2X Shares Stock Performance
The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 88.55 and a beta of -5.14. The business has a fifty day moving average of $11.43 and a two-hundred day moving average of $17.83.
Direxion Daily TSLA Bull 2X Shares Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.0845 dividend. This is a positive change from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, March 25th. This represents a $0.34 annualized dividend and a yield of 2.60%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. PayPay Securities Corp acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at about $50,000. Sanctuary Advisors LLC grew its position in shares of Direxion Daily TSLA Bull 2X Shares by 13.7% in the fourth quarter. Sanctuary Advisors LLC now owns 12,500 shares of the company's stock valued at $327,000 after purchasing an additional 1,505 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $275,000. SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $5,752,000. Finally, Chung Wu Investment Group LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $399,000.
About Direxion Daily TSLA Bull 2X Shares
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