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

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) gapped down prior to trading on Wednesday . The stock had previously closed at $11.85, but opened at $11.41. Direxion Daily TSLA Bull 2X Shares shares last traded at $10.82, with a volume of 55,323,540 shares.

Direxion Daily TSLA Bull 2X Shares Stock Up 0.7 %

The company has a 50-day moving average of $17.38 and a 200 day moving average of $18.80. The stock has a market capitalization of $2.05 billion, a PE ratio of 43.99 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a $0.0845 dividend. This is an increase from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, March 25th. This represents a $0.34 dividend on an annualized basis and a yield of 3.18%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its stake in Direxion Daily TSLA Bull 2X Shares by 7.3% during the third quarter. Captrust Financial Advisors now owns 47,753 shares of the company’s stock worth $660,000 after buying an additional 3,246 shares during the last quarter. TRUE Private Wealth Advisors raised its stake in Direxion Daily TSLA Bull 2X Shares by 5.0% during the third quarter. TRUE Private Wealth Advisors now owns 46,046 shares of the company’s stock worth $636,000 after purchasing an additional 2,204 shares during the period. Morse Asset Management Inc purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at approximately $119,000. Sanctuary Advisors LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $152,000. Finally, JPMorgan Chase & Co. raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 248.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company’s stock valued at $2,192,000 after buying an additional 113,068 shares during the period.

About Direxion Daily TSLA Bull 2X Shares