Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (NYSEARCA:EVAV) Shares Down 5.5% – Time to Sell?

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (NYSEARCA:EVAV)’s share price dropped 5.5% during trading on Tuesday . The company traded as low as $13.47 and last traded at $13.63. Approximately 2,596 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 14,381 shares. The stock had previously closed at $14.43.

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares Trading Down 5.5 %

The company has a 50-day moving average price of $19.11 and a two-hundred day moving average price of $20.88.

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.0466 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

About Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

The Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks 2x the daily price movements of a liquidity-weighted index of US-listed electric and autonomous vehicles companies. EVAV was launched on Aug 11, 2022 and is managed by Direxion.