Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Stock Price Down 0.3% – Here’s Why

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS)’s share price were down 0.3% during mid-day trading on Tuesday . The company traded as low as $52.82 and last traded at $53.64. 414,612 shares changed hands during trading, a decline of 85% from the average daily volume of 2,697,987 shares. The stock had previously closed at $53.82.

Direxion Daily TSLA Bear 1X Shares Trading Up 0.9%

The firm’s fifty day moving average is $53.16 and its 200-day moving average is $54.81.

Direxion Daily TSLA Bear 1X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.3419 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $1.37 dividend on an annualized basis and a dividend yield of 2.5%.

Institutional Investors Weigh In On Direxion Daily TSLA Bear 1X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ridgecrest Wealth Partners LLC grew its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 64.6% during the fourth quarter. Ridgecrest Wealth Partners LLC now owns 39,485 shares of the company’s stock worth $200,000 after purchasing an additional 15,500 shares during the last quarter. SHP Wealth Management bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at about $87,000. Headlands Technologies LLC lifted its position in Direxion Daily TSLA Bear 1X Shares by 1,229.8% during the 4th quarter. Headlands Technologies LLC now owns 481,884 shares of the company’s stock worth $2,443,000 after buying an additional 445,646 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth about $2,156,000. Finally, Flow Traders U.S. LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares during the 3rd quarter worth about $867,000.

Direxion Daily TSLA Bear 1X Shares Company Profile

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.