Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) shares traded down 1.4% during mid-day trading on Thursday . The stock traded as low as $7.20 and last traded at $7.20. 21,815,464 shares traded hands during trading, an increase of 20% from the average session volume of 18,181,221 shares. The stock had previously closed at $7.30.
Direxion Daily TSLA Bear 1X Shares Stock Performance
The company has a 50 day moving average price of $7.53 and a 200-day moving average price of $8.92.
Direxion Daily TSLA Bear 1X Shares Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a dividend of $0.0529 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $0.21 annualized dividend and a dividend yield of 3.0%.
Hedge Funds Weigh In On Direxion Daily TSLA Bear 1X Shares
Several hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares during the second quarter valued at approximately $1,360,000. Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily TSLA Bear 1X Shares by 207.1% during the second quarter. Tower Research Capital LLC TRC now owns 138,578 shares of the company's stock valued at $1,086,000 after purchasing an additional 93,459 shares in the last quarter. Group One Trading LLC boosted its position in shares of Direxion Daily TSLA Bear 1X Shares by 711.2% during the second quarter. Group One Trading LLC now owns 39,628 shares of the company's stock valued at $311,000 after purchasing an additional 34,743 shares in the last quarter. StoneX Group Inc. boosted its position in shares of Direxion Daily TSLA Bear 1X Shares by 265.9% during the second quarter. StoneX Group Inc. now owns 61,950 shares of the company's stock valued at $486,000 after purchasing an additional 45,021 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in shares of Direxion Daily TSLA Bear 1X Shares by 1,020.7% during the second quarter. SBI Securities Co. Ltd. now owns 12,541 shares of the company's stock valued at $98,000 after purchasing an additional 11,422 shares in the last quarter.
About Direxion Daily TSLA Bear 1X Shares
(
Get Free Report)
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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