Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Shares Up 0.8% – What’s Next?

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) shot up 0.8% on Tuesday . The company traded as high as $62.67 and last traded at $61.63. 211,442 shares traded hands during trading, a decline of 91% from the average daily volume of 2,325,424 shares. The stock had previously closed at $61.16.

Direxion Daily TSLA Bear 1X Shares Stock Up 0.8%

The company has a fifty day moving average price of $58.19 and a 200-day moving average price of $56.86.

Direxion Daily TSLA Bear 1X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.3419 per share. This represents a $1.37 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, June 23rd.

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

Several hedge funds have recently bought and sold shares of the stock. SHP Wealth Management acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth approximately $87,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 3rd quarter valued at approximately $867,000. Advisory Services Network LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 2nd quarter valued at $1,360,000. Headlands Technologies LLC lifted its stake in shares of Direxion Daily TSLA Bear 1X Shares by 1,229.8% in the 4th quarter. Headlands Technologies LLC now owns 481,884 shares of the company’s stock valued at $2,443,000 after purchasing an additional 445,646 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth $2,156,000.

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.