Direxion Daily TSLA Bear 1X Shares Target of Unusually High Options Trading (NASDAQ:TSLS)

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 3,230 call options on the stock. This represents an increase of approximately 1,388% compared to the average daily volume of 217 call options.

Direxion Daily TSLA Bear 1X Shares Trading Up 1.0 %

Shares of TSLS opened at $28.52 on Thursday. The stock has a fifty day moving average price of $25.19 and a two-hundred day moving average price of $22.32. Direxion Daily TSLA Bear 1X Shares has a 52-week low of $17.11 and a 52-week high of $34.92.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The company also recently announced 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 boost from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.19. This represents a $0.96 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Tuesday, March 19th.

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

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of Direxion Daily TSLA Bear 1X Shares by 6.4% during the second quarter. JPMorgan Chase & Co. now owns 22,353 shares of the company’s stock worth $439,000 after purchasing an additional 1,353 shares during the period. Morgan Stanley lifted its holdings in Direxion Daily TSLA Bear 1X Shares by 1,580.1% during 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 in the last quarter. UBS Group AG bought a new position in Direxion Daily TSLA Bear 1X Shares during the third quarter worth about $116,000. Simplex Trading LLC bought a new position in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth about $181,000. Finally, Private Advisor Group LLC bought a new position in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth about $202,000.

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.