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

Posted by Brenda Bartman on Apr 18th, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $8.53, but opened at $8.11. Direxion Daily TSLA Bull 2X Shares shares last traded at $8.27, with a volume of 35,808,102 shares traded.

Direxion Daily TSLA Bull 2X Shares Trading Down 0.6 %

The company has a market capitalization of $4.03 billion, a P/E ratio of 47.43 and a beta of -5.14. The company’s 50 day moving average is $11.60 and its 200-day moving average is $18.40.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.0845 per share. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend was Tuesday, March 25th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. GEM Asset Management LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares in the 1st quarter worth approximately $306,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 1st quarter valued at approximately $97,000. IMC Chicago LLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the first quarter valued at $213,000. TB Alternative Assets Ltd. bought a new position in Direxion Daily TSLA Bull 2X Shares during the 1st quarter valued at about $2,197,000. Finally, Parallel Advisors LLC raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 1,723.8% in the first quarter. Parallel Advisors LLC now owns 7,295 shares of the company’s stock worth $69,000 after buying an additional 6,895 shares during the period.