Investors Purchase Large Volume of Direxion Daily TSLA Bear 1X Shares Call Options (NASDAQ:TSLS)

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) was the target of some unusual options trading activity on Tuesday. Traders bought 3,230 call options on the stock. This is an increase of approximately 1,388% compared to the average daily volume of 217 call options.

Direxion Daily TSLA Bear 1X Shares Trading Up 2.7 %

Shares of NASDAQ TSLS traded up $0.75 during midday trading on Tuesday, hitting $28.25. The company's stock had a trading volume of 1,436,931 shares, compared to its average volume of 1,299,354. The business's fifty day simple moving average is $25.05 and its two-hundred day simple moving average is $22.21. Direxion Daily TSLA Bear 1X Shares has a 1 year low of $17.11 and a 1 year high of $34.92.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were paid a $0.2399 dividend. This is a positive change from Direxion Daily TSLA Bear 1X Shares's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.96 annualized dividend and a dividend yield of 3.40%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Flow Traders U.S. LLC purchased a new position in Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth approximately $2,730,000. Morgan Stanley lifted its stake in Direxion Daily TSLA Bear 1X Shares by 1,580.1% in the fourth quarter. Morgan Stanley now owns 2,453 shares of the company's stock worth $120,000 after acquiring an additional 2,307 shares during the last quarter. Jane Street Group LLC purchased a new position in Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth approximately $646,000. Susquehanna International Group LLP lifted its stake in Direxion Daily TSLA Bear 1X Shares by 241.7% in the first quarter. Susquehanna International Group LLP now owns 60,134 shares of the company's stock worth $1,567,000 after acquiring an additional 42,536 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Direxion Daily TSLA Bear 1X Shares by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 22,353 shares of the company's stock worth $439,000 after acquiring an additional 1,353 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.