Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report)'s stock price dropped 6.2% on Monday . The stock traded as low as $9.93 and last traded at $9.91. Approximately 43,830,134 shares changed hands during trading, a decline of 50% from the average daily volume of 87,409,082 shares. The stock had previously closed at $10.57.
Direxion Daily TSLA Bull 2X Shares Stock Performance
The stock's 50 day simple moving average is $9.26 and its 200-day simple moving average is $18.32. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 48.19 and a beta of -5.14.
Direxion Daily TSLA Bull 2X Shares Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid 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 of this dividend was Tuesday, March 25th. This represents a $0.34 dividend on an annualized basis and a yield of 2.98%.
Institutional Trading of Direxion Daily TSLA Bull 2X Shares
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSLL. Simplify Asset Management Inc. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth about $5,014,000. SG Americas Securities LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth approximately $916,000. Sloy Dahl & Holst LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $2,352,000. Barclays PLC acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at approximately $7,433,000. Finally, JPMorgan Chase & Co. lifted its stake in Direxion Daily TSLA Bull 2X Shares by 248.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company's stock valued at $2,192,000 after acquiring an additional 113,068 shares during the period.
About Direxion Daily TSLA Bull 2X Shares
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