Direxion Daily TSLA Bear 1X Shares Target of Unusually High Options Trading (NASDAQ:TSLS)

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of unusually large options trading 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 Trading Up 1.0 %

TSLS opened at $28.52 on Thursday. The stock has a 50-day moving average price of $25.19 and a 200-day moving average price of $22.32. Direxion Daily TSLA Bear 1X Shares has a 12-month low of $17.11 and a 12-month high of $34.92.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were paid a $0.2399 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Tuesday, March 19th. This is a positive change from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.19.

Institutional Investors Weigh In On Direxion Daily TSLA Bear 1X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of TSLS. UBS Group AG bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 3rd quarter valued at about $116,000. Morgan Stanley lifted its stake in shares of Direxion Daily TSLA Bear 1X Shares by 1,580.1% in the 4th quarter. Morgan Stanley now owns 2,453 shares of the company’s stock valued at $120,000 after acquiring an additional 2,307 shares during the last quarter. Simplex Trading LLC bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at about $181,000. Private Advisor Group LLC bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at about $202,000. Finally, Jump Financial LLC bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at about $303,000.

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.