Direxion Daily TSLA Bear 1X ETF (NASDAQ:TSLS) Stock Price Up 3.3% – Here’s What Happened

Shares of Direxion Daily TSLA Bear 1X ETF (NASDAQ:TSLS) shot up 3.3% during trading on Wednesday. The company traded as high as $53.58 and last traded at $52.39. 409,446 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 1,786,229 shares. The stock had previously closed at $50.73.

Direxion Daily TSLA Bear 1X ETF Stock Up 3.3%

The firm has a fifty day moving average of $54.80 and a two-hundred day moving average of $56.24.

Institutional Trading of Direxion Daily TSLA Bear 1X ETF

An institutional investor recently bought a new position in Direxion Daily TSLA Bear 1X ETF stock. GTS Securities LLC acquired a new position in Direxion Daily TSLA Bear 1X ETF (NASDAQ:TSLS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,269 shares of the company’s stock, valued at approximately $576,000. GTS Securities LLC owned about 0.92% of Direxion Daily TSLA Bear 1X ETF as of its most recent SEC filing.

Direxion Daily TSLA Bear 1X ETF 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.