Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Stock Price Up 0.8% – Here’s Why

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) shares traded up 0.8% during trading on Tuesday . The company traded as high as $62.67 and last traded at $61.63. Approximately 211,442 shares changed 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 Performance

The company has a 50 day simple moving average of $58.19 and a two-hundred day simple moving average of $56.86.

Direxion Daily TSLA Bear 1X Shares Dividend Announcement

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

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

Several hedge funds and other institutional investors have recently bought and sold shares of TSLS. Private Advisor Group LLC lifted its stake in Direxion Daily TSLA Bear 1X Shares by 133.6% during the 3rd quarter. Private Advisor Group LLC now owns 25,000 shares of the company’s stock valued at $134,000 after acquiring an additional 14,300 shares during the period. SHP Wealth Management acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth $87,000. XTX Topco Ltd acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth $129,000. Group One Trading LLC raised its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 711.2% during the second quarter. Group One Trading LLC now owns 39,628 shares of the company’s stock worth $311,000 after purchasing an additional 34,743 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 207.1% during the second quarter. Tower Research Capital LLC TRC now owns 138,578 shares of the company’s stock worth $1,086,000 after purchasing an additional 93,459 shares during the last quarter.

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.