Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) shares were up 1.2% on Tuesday . The company traded as high as $7.69 and last traded at $7.61. Approximately 25,043,292 shares traded hands during mid-day trading, an increase of 51% from the average daily volume of 16,544,689 shares. The stock had previously closed at $7.52.
Direxion Daily TSLA Bear 1X Shares Stock Up 2.0%
The stock's 50-day moving average price is $7.78 and its 200 day moving average price is $9.12.
Direxion Daily TSLA Bear 1X Shares Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were given a $0.0529 dividend. This represents a $0.21 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 24th.
Institutional Trading of Direxion Daily TSLA Bear 1X Shares
A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its position in shares of Direxion Daily TSLA Bear 1X Shares by 1,421.6% in the fourth quarter. Jane Street Group LLC now owns 303,976 shares of the company's stock worth $2,447,000 after purchasing an additional 326,976 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth $1,423,000. Jump Financial LLC bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth $563,000. GTS Securities LLC acquired a new position in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth $468,000. Finally, Renaissance Technologies LLC acquired a new position in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth $414,000.
Direxion Daily TSLA Bear 1X Shares Company Profile
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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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