Shares of Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) were up 0.5% during mid-day trading on Monday . The company traded as high as $7.81 and last traded at $7.67. Approximately 13,216,133 shares were traded during mid-day trading, an increase of 81% from the average daily volume of 7,295,853 shares. The stock had previously closed at $7.63.
Direxion Daily TSLA Bear 1X Shares Price Performance
The business's 50-day simple moving average is $9.60 and its 200-day simple moving average is $9.37.
Direxion Daily TSLA Bear 1X Shares Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a $0.0756 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.30 dividend on an annualized basis and a yield of 4.07%.
Institutional Investors Weigh In On Direxion Daily TSLA Bear 1X Shares
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLS. IMC Chicago LLC purchased a new stake in Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth approximately $1,598,000. PayPay Securities Corp acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth $66,000. SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth $247,000. Sequoia Financial Advisors LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth $80,000. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth $2,009,000.
About Direxion Daily TSLA Bear 1X Shares
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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.
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