Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) traded up 1.2% during trading on Tuesday . The stock traded as high as $7.69 and last traded at $7.61. 25,043,292 shares were traded during mid-day trading, an increase of 51% from the average session volume of 16,544,689 shares. The stock had previously closed at $7.52.
Direxion Daily TSLA Bear 1X Shares Price Performance
The firm has a 50 day moving average price of $7.77 and a 200 day moving average price of $9.13.
Direxion Daily TSLA Bear 1X Shares Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were paid a dividend of $0.0529 per share. This represents a $0.21 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Tuesday, June 24th.
Hedge Funds Weigh In On Direxion Daily TSLA Bear 1X Shares
Several institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in shares of Direxion Daily TSLA Bear 1X Shares by 1,421.6% during the 4th quarter. Jane Street Group LLC now owns 303,976 shares of the company's stock worth $2,447,000 after acquiring an additional 326,976 shares during the last quarter. Advisory Services Network LLC purchased a new position in Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth $1,423,000. Jump Financial LLC purchased a new position in Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth $563,000. GTS Securities LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at about $468,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth about $414,000.
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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