Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 8.8% – Time to Sell?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)’s stock price dropped 8.8% during mid-day trading on Thursday . The stock traded as low as $8.44 and last traded at $8.33. Approximately 54,081,162 shares traded hands during trading, a decline of 8% from the average daily volume of 58,677,654 shares. The stock had previously closed at $9.14.

Direxion Daily TSLA Bull 2X Shares Trading Up 7.6 %

The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 43.99 and a beta of 2.50. The firm has a 50 day moving average price of $20.54 and a 200-day moving average price of $18.80.

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 paid a $0.1399 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. PayPay Securities Corp acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at about $50,000. Bank of Montreal Can acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at about $92,000. Morse Asset Management Inc acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at about $119,000. Optiver Holding B.V. acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at about $240,000. Finally, Aire Advisors LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at about $241,000.

About Direxion Daily TSLA Bull 2X Shares