Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 6.7% – Should You Sell?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) shares traded down 6.7% during trading on Thursday . The stock traded as low as $10.87 and last traded at $11.32. 27,656,634 shares changed hands during trading, a decline of 49% from the average session volume of 54,606,998 shares. The stock had previously closed at $12.13.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The firm has a fifty day moving average price of $22.44 and a 200 day moving average price of $18.86. The stock has a market cap of $2.06 billion, a PE ratio of 38.91 and a beta of -5.14.

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 of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV purchased a new position in Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth $551,000. Bison Wealth LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at about $1,514,000. Optiver Holding B.V. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at about $240,000. Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily TSLA Bull 2X Shares by 13.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 26,926 shares of the company’s stock valued at $741,000 after buying an additional 3,294 shares during the last quarter. Finally, Barclays PLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at about $7,433,000.

About Direxion Daily TSLA Bull 2X Shares