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

Posted by Tristan Rich on Feb 23rd, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) shares dropped 8.6% during mid-day 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 9.5 %

The firm has a 50 day simple moving average of $26.78 and a 200-day simple moving average of $18.59. The company has a market cap of $3.50 billion, a PE ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.1399 dividend. The ex-dividend date was Monday, December 23rd.

Hedge Funds 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 stock. Citigroup Inc. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth about $51,145,000. Simplex Trading LLC grew its stake in shares of Direxion Daily TSLA Bull 2X Shares by 230.3% during the fourth quarter. Simplex Trading LLC now owns 465,134 shares of the company’s stock worth $12,805,000 after acquiring an additional 324,332 shares during the last quarter. Barclays PLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $7,433,000. SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $5,752,000. Finally, Lauer Wealth LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $5,285,000.