Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Down – Time to Sell?

Posted by Shelly Janes on Oct 11th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $11.41, but opened at $9.63. Direxion Daily TSLA Bull 2X Shares shares last traded at $9.61, with a volume of 46,228,449 shares changing hands.

Direxion Daily TSLA Bull 2X Shares Stock Down 15.7 %

The firm has a 50-day moving average price of $10.60 and a two-hundred day moving average price of $9.57. The firm has a market cap of $1.68 billion, a PE ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a $0.0803 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $0.32 dividend on an annualized basis and a yield of 3.34%. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

Institutional Investors Weigh In On Direxion Daily TSLA Bull 2X Shares

Large investors have recently modified their holdings of the business. Clarity Capital Partners LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $1,058,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth $144,000. Traynor Capital Management Inc. raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 22.6% during the 1st quarter. Traynor Capital Management Inc. now owns 382,684 shares of the company’s stock worth $3,104,000 after acquiring an additional 70,574 shares during the period. Sloy Dahl & Holst LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at about $223,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter valued at about $54,000.