Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Down to $7.78

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $7.78, but opened at $7.24. Direxion Daily TSLA Bull 2X Shares shares last traded at $7.45, with a volume of 14,346,027 shares changing hands.

Direxion Daily TSLA Bull 2X Shares Stock Down 3.3 %

The firm has a market cap of $860.14 million, a price-to-earnings ratio of 40.38 and a beta of -5.14. The firm has a 50 day moving average of $7.76 and a 200 day moving average of $10.68.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 20th were paid a $0.0788 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $0.32 annualized dividend and a yield of 4.19%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TSLL. Clarity Capital Partners LLC boosted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 112.8% during the first quarter. Clarity Capital Partners LLC now owns 156,790 shares of the company's stock valued at $1,272,000 after purchasing an additional 83,110 shares during the period. Traynor Capital Management Inc. raised its holdings in Direxion Daily TSLA Bull 2X Shares by 22.6% in the 1st quarter. Traynor Capital Management Inc. now owns 382,684 shares of the company's stock worth $3,104,000 after purchasing an additional 70,574 shares during the period. Simplex Trading LLC boosted its position in shares of Direxion Daily TSLA Bull 2X Shares by 122.1% in the third quarter. Simplex Trading LLC now owns 95,631 shares of the company's stock worth $1,479,000 after purchasing an additional 52,579 shares during the period. Smith Anglin Financial LLC boosted its stake in Direxion Daily TSLA Bull 2X Shares by 266.5% in the 4th quarter. Smith Anglin Financial LLC now owns 39,659 shares of the company's stock worth $570,000 after purchasing an additional 28,838 shares during the period. Finally, Sloy Dahl & Holst LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at about $223,000.

About Direxion Daily TSLA Bull 2X Shares