Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Down 8.6% – Here’s What Happened

Posted by Suzanne Cooper on Feb 23rd, 2025

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) traded down 8.6% on Friday . The company traded as low as $18.39 and last traded at $18.28. 36,671,092 shares traded hands during trading, a decline of 45% from the average session volume of 67,072,680 shares. The stock had previously closed at $20.01.

Direxion Daily TSLA Bull 2X Shares Stock Down 9.5 %

The firm has a market cap of $3.50 billion, a PE ratio of 40.38 and a beta of -5.14. The stock has a 50 day moving average price of $26.78 and a two-hundred day moving average price of $18.59.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.1399 per share. The ex-dividend date was Monday, December 23rd.

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

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $916,000. Sloy Dahl & Holst LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $2,352,000. JPMorgan Chase & Co. lifted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 248.3% during the third quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company’s stock worth $2,192,000 after purchasing an additional 113,068 shares during the period. Lauer Wealth LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $5,285,000. Finally, Client First Investment Management LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $327,000.