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

Posted by Anthony Miller on Feb 21st, 2025

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

Direxion Daily TSLA Bull 2X Shares Stock Down 10.3 %

The company has a market capitalization of $3.47 billion, a P/E ratio of 40.38 and a beta of -5.14. The company’s 50-day simple moving average is $27.08 and its 200 day simple moving average is $18.53.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently disclosed 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 Trading of Direxion Daily TSLA Bull 2X Shares

Several large investors have recently modified their holdings of the company. Sanctuary Advisors LLC boosted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 13.7% during the 4th quarter. Sanctuary Advisors LLC now owns 12,500 shares of the company’s stock worth $327,000 after buying an additional 1,505 shares during the period. PayPay Securities Corp bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth $50,000. TRUE Private Wealth Advisors boosted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 5.0% during the 3rd quarter. TRUE Private Wealth Advisors now owns 46,046 shares of the company’s stock worth $636,000 after buying an additional 2,204 shares during the period. Captrust Financial Advisors boosted its holdings in Direxion Daily TSLA Bull 2X Shares by 7.3% in the 3rd quarter. Captrust Financial Advisors now owns 47,753 shares of the company’s stock valued at $660,000 after purchasing an additional 3,246 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Direxion Daily TSLA Bull 2X Shares by 13.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 26,926 shares of the company’s stock valued at $741,000 after purchasing an additional 3,294 shares during the period.