Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Down 4.4% – Should You Sell?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price dropped 4.4% during mid-day trading on Wednesday . The company traded as low as $24.63 and last traded at $24.80. Approximately 15,538,623 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 59,499,941 shares. The stock had previously closed at $25.94.

Direxion Daily TSLA Bull 2X Shares Trading Down 4.6 %

The stock has a market capitalization of $4.71 billion, a P/E ratio of 40.38 and a beta of -5.14. The business has a 50-day moving average price of $27.76 and a 200 day moving average price of $17.48.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

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

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

Several institutional investors have recently modified their holdings of the stock. Morse Asset Management Inc bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth about $119,000. Sanctuary Advisors LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter valued at approximately $152,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter worth $213,000. Client First Investment Management LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth about $327,000. Finally, TRUE Private Wealth Advisors lifted its position in shares of Direxion Daily TSLA Bull 2X Shares by 5.0% in the 3rd quarter. TRUE Private Wealth Advisors now owns 46,046 shares of the company’s stock worth $636,000 after purchasing an additional 2,204 shares during the period.

About Direxion Daily TSLA Bull 2X Shares