Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL) Stock Price Breaks Below 50 Day Moving Average – Here’s What Happened

Direxion Daily TSLA Bull 2X ETF (NASDAQ:TSLL) shares crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $9.91 and traded as low as $7.83. Direxion Daily TSLA Bull 2X ETF shares last traded at $8.10, with a volume of 74,818,379 shares trading hands.

Direxion Daily TSLA Bull 2X ETF Price Performance

The stock has a market capitalization of $2.66 billion, a P/E ratio of 88.55 and a beta of 2.77. The stock’s fifty day moving average price is $9.91 and its 200 day moving average price is $12.20.

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

Large investors have recently added to or reduced their stakes in the stock. 180 Wealth Advisors LLC grew its stake in Direxion Daily TSLA Bull 2X ETF by 12.5% in the third quarter. 180 Wealth Advisors LLC now owns 26,062 shares of the company’s stock worth $235,000 after purchasing an additional 2,906 shares in the last quarter. StoneX Group Inc. purchased a new position in Direxion Daily TSLA Bull 2X ETF during the 3rd quarter worth $1,883,000. Parallel Advisors LLC raised its position in Direxion Daily TSLA Bull 2X ETF by 18.8% during the 3rd quarter. Parallel Advisors LLC now owns 8,193 shares of the company’s stock valued at $74,000 after purchasing an additional 1,298 shares in the last quarter. PayPay Securities Corp raised its position in Direxion Daily TSLA Bull 2X ETF by 57.4% during the 3rd quarter. PayPay Securities Corp now owns 2,850 shares of the company’s stock valued at $26,000 after purchasing an additional 1,039 shares in the last quarter. Finally, James J. Burns & Company LLC bought a new stake in Direxion Daily TSLA Bull 2X ETF during the 3rd quarter valued at $98,000.

Direxion Daily TSLA Bull 2X ETF Company Profile

The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLL was launched on Aug 9, 2022 and is managed by Direxion.