Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 5.7% - Time to Sell?

Key Points

• Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) experienced a significant decline of 5.7% on Tuesday, with trading volumes dropping 73% from the average.
• The company declared a quarterly dividend of $0.0893 per share, resulting in an annualized yield of 1.8%.
• Several institutional investors have made new purchases of TSLL shares, signaling potential interest in the stock despite its recent decline.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - ) shares traded down 5.7% on Tuesday . The stock traded as low as $18.29 and last traded at $18.76. 42,930,141 shares traded hands during trading, a decline of 73% from the average session volume of 160,824,828 shares. The stock had previously closed at $19.89.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The company has a 50 day moving average of $15.81 and a 200 day moving average of $12.95. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 88.55 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TSLL. Beaird Harris Wealth Management LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at about $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at approximately $33,000. Atticus Wealth Management LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth approximately $35,000. Toth Financial Advisory Corp raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 99.2% during the 3rd quarter. Toth Financial Advisory Corp now owns 1,657 shares of the company's stock valued at $35,000 after buying an additional 825 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the first quarter worth approximately $52,000.

About Direxion Daily TSLA Bull 2X Shares

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