Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Gap Down – Time to Sell?

Posted by Mitch Edgeman on Dec 20th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $40.09, but opened at $37.82. Direxion Daily TSLA Bull 2X Shares shares last traded at $38.53, with a volume of 19,197,386 shares trading hands.

Direxion Daily TSLA Bull 2X Shares Trading Down 2.2 %

The company has a market cap of $6.29 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. The stock’s 50 day moving average price is $19.41 and its 200 day moving average price is $13.71.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 12th were given a $0.3004 dividend. This is a positive change from Direxion Daily TSLA Bull 2X Shares’s previous dividend of $0.08. The ex-dividend date of this dividend was Thursday, December 12th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $51,145,000. TB Alternative Assets Ltd. purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth $2,794,000. Scientech Research LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at about $869,000. Garden State Investment Advisory Services LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter worth about $366,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth about $213,000.