Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Shares Up 0.5% – Here’s Why

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) shot up 0.5% during trading on Monday . The stock traded as high as $7.81 and last traded at $7.67. 13,216,133 shares traded hands during mid-day trading, an increase of 81% from the average session volume of 7,295,853 shares. The stock had previously closed at $7.63.

Direxion Daily TSLA Bear 1X Shares Stock Performance

The business has a 50 day moving average of $9.82 and a 200 day moving average of $9.42.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a dividend of $0.0756 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.30 annualized dividend and a yield of 4.16%.

Hedge Funds Weigh In On Direxion Daily TSLA Bear 1X Shares

A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC grew its position in Direxion Daily TSLA Bear 1X Shares by 1,421.6% during the fourth quarter. Jane Street Group LLC now owns 303,976 shares of the company’s stock worth $2,447,000 after buying an additional 326,976 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at $2,009,000. IMC Chicago LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at $1,598,000. Advisory Services Network LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at $1,423,000. Finally, Jump Financial LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at $563,000.

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.