Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Trading 0.5% Higher – Here’s What Happened

Shares of Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) traded up 0.5% on Monday . The company traded as high as $7.81 and last traded at $7.67. 13,216,133 shares changed hands during mid-day trading, an increase of 81% from the average session volume of 7,295,853 shares. The stock had previously closed at $7.63.

Direxion Daily TSLA Bear 1X Shares Price Performance

The stock has a 50 day moving average price of $9.93 and a two-hundred day moving average price of $9.44.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a dividend of $0.0756 per share. This represents a $0.30 annualized dividend and a yield of 3.94%. The ex-dividend date was Tuesday, March 25th.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

Hedge funds have recently added to or reduced their stakes in the business. Rossby Financial LCC acquired a new stake in Direxion Daily TSLA Bear 1X Shares during the 1st quarter worth $28,000. Optiver Holding B.V. raised its stake in shares of Direxion Daily TSLA Bear 1X Shares by 1,399.2% in the 4th quarter. Optiver Holding B.V. now owns 7,496 shares of the company’s stock valued at $60,000 after purchasing an additional 6,996 shares during the period. PayPay Securities Corp acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at about $66,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at about $80,000. Finally, Ridgecrest Wealth Partners LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at about $96,000.

Direxion Daily TSLA Bear 1X Shares Company Profile

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.