Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 4.1% - Here's What Happened

Key Points

• The Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) experienced a decline of 4.1% during midday trading, with stocks falling to a low of $19.30 and closing at $19.40.
• Institutional investors have recently increased their investments in TSLL, with Sloy Dahl & Holst LLC raising their stake by 16.7% and Simplex Trading LLC boosting theirs by 199.8%.
• The company declared a quarterly dividend of $0.0893, yielding 1.8% annually, with the ex-dividend date having been September 23rd.

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - ) shares were down 4.1% during mid-day trading on Friday . The stock traded as low as $19.30 and last traded at $19.40. Approximately 75,789,027 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 161,291,109 shares. The stock had previously closed at $20.22.

Direxion Daily TSLA Bull 2X Shares Stock Down 2.9%

The business has a 50-day moving average price of $14.75 and a two-hundred day moving average price of $12.49. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of 88.55 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were paid a $0.0893 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, September 23rd.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Institutional investors have recently added to or reduced their stakes in the stock. Sloy Dahl & Holst LLC increased its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 16.7% in the second quarter. Sloy Dahl & Holst LLC now owns 1,397,733 shares of the company's stock worth $16,507,000 after purchasing an additional 200,029 shares during the period. Simplex Trading LLC increased its position in shares of Direxion Daily TSLA Bull 2X Shares by 199.8% during the 2nd quarter. Simplex Trading LLC now owns 816,632 shares of the company's stock valued at $9,644,000 after purchasing an additional 544,253 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at about $4,375,000. SBI Securities Co. Ltd. grew its position in Direxion Daily TSLA Bull 2X Shares by 72.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 430,252 shares of the company's stock worth $5,081,000 after acquiring an additional 180,551 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 1st quarter worth approximately $3,067,000.

About Direxion Daily TSLA Bull 2X Shares

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.