Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 2.8% - Should You Sell?

Key Points

• Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw a decline of 2.8%, closing at $18.70 after trading as low as $18.18 with significantly lower trading volume compared to average sessions.
• The firm increased its quarterly dividend to $0.0896 per share, up from $0.08, which translates to an annualized yield of 1.9% for shareholders.
• Several hedge funds have recently increased their stakes in Direxion Daily TSLA Bull 2X Shares, indicating continued interest from institutional investors.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - )'s share price traded down 2.8% during trading on Wednesday . The company traded as low as $18.18 and last traded at $18.70. 41,613,197 shares traded hands during trading, a decline of 74% from the average session volume of 162,122,125 shares. The stock had previously closed at $19.25.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The firm has a market capitalization of $10.28 billion, a P/E ratio of 88.55 and a beta of -5.14. The stock has a 50 day moving average of $12.49 and a 200-day moving average of $11.56.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a $0.0896 dividend. This is an increase from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, June 24th. This represents a $0.36 annualized dividend and a yield of 1.9%.

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

A number of hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC lifted its holdings in Direxion Daily TSLA Bull 2X Shares by 9.0% in the second quarter. AE Wealth Management LLC now owns 18,692 shares of the company's stock valued at $221,000 after acquiring an additional 1,538 shares during the period. Beaird Harris Wealth Management LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter worth $33,000. Atticus Wealth Management LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at $35,000. Finally, Headlands Technologies LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at $52,000.

Direxion Daily TSLA Bull 2X Shares Company Profile

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