Direxion Daily TSLA Bear 1X Shares Sees Unusually High Options Volume (NASDAQ:TSLS)

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) saw some unusual options trading activity on Tuesday. Traders purchased 3,230 call options on the company. This represents an increase of 1,388% compared to the typical volume of 217 call options.

Direxion Daily TSLA Bear 1X Shares Stock Performance

TSLS opened at $28.25 on Wednesday. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $17.11 and a 1-year high of $34.92. The stock’s 50 day simple moving average is $25.11 and its 200 day simple moving average is $22.28.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were given a $0.2399 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Tuesday, March 19th. This is a positive change from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.19.

Hedge Funds Weigh In On Direxion Daily TSLA Bear 1X Shares

Several institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC increased its stake in Direxion Daily TSLA Bear 1X Shares by 728.1% in the fourth quarter. Virtu Financial LLC now owns 188,816 shares of the company’s stock valued at $3,552,000 after purchasing an additional 166,015 shares during the last quarter. IMC Chicago LLC grew its holdings in Direxion Daily TSLA Bear 1X Shares by 223.5% in the 4th quarter. IMC Chicago LLC now owns 170,608 shares of the company’s stock valued at $3,209,000 after buying an additional 117,867 shares during the period. Jump Financial LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at about $303,000. Private Advisor Group LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at about $202,000. Finally, Simplex Trading LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth about $181,000.

About Direxion Daily TSLA Bear 1X Shares

The Direxion Daily TSLA Bear 1X Shares (TSLS) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLS was launched on Aug 9, 2022 and is managed by Direxion.