Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Shares Up 3.9%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS)’s stock price shot up 3.9% on Tuesday . The company traded as high as $23.90 and last traded at $23.87. 1,075,799 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 1,379,428 shares. The stock had previously closed at $22.98.

Direxion Daily TSLA Bear 1X Shares Stock Performance

The business’s 50-day simple moving average is $25.84 and its 200 day simple moving average is $22.97.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were given a $0.2399 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Tuesday, March 19th. This is a boost from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Simplex Trading LLC bought a new position in Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth approximately $181,000. Private Advisor Group LLC purchased a new stake in Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at $202,000. Jump Financial LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth $303,000. Wakefield Asset Management LLLP purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares in the first quarter valued at about $628,000. Finally, IMC Chicago LLC raised its stake in shares of Direxion Daily TSLA Bear 1X Shares by 223.5% during the fourth quarter. IMC Chicago LLC now owns 170,608 shares of the company’s stock valued at $3,209,000 after acquiring an additional 117,867 shares during the last quarter.

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.