Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Trading Up 2.8% – Here’s What Happened

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS – Get Free Report)’s stock price traded up 2.8% on Monday . The stock traded as high as $54.34 and last traded at $53.78. 602,865 shares changed hands during trading, a decline of 83% from the average session volume of 3,559,649 shares. The stock had previously closed at $52.30.

Direxion Daily TSLA Bear 1X Shares Stock Up 2.8%

The firm’s 50 day moving average is $58.10 and its 200-day moving average is $54.69.

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Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.338 per share. This represents a $1.35 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, March 24th.

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

Several institutional investors and hedge funds have recently modified their holdings of TSLS. SBI Securities Co. Ltd. boosted its position in Direxion Daily TSLA Bear 1X Shares by 21.6% during the third quarter. SBI Securities Co. Ltd. now owns 15,255 shares of the company’s stock worth $82,000 after purchasing an additional 2,714 shares in the last quarter. PayPay Securities Corp increased its position in shares of Direxion Daily TSLA Bear 1X Shares by 103.6% in the fourth quarter. PayPay Securities Corp now owns 15,254 shares of the company’s stock valued at $77,000 after buying an additional 7,762 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of 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 worth $134,000 after buying an additional 14,300 shares during the period. Optiver Holding B.V. acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 3rd quarter worth approximately $81,000. Finally, Ridgecrest Wealth Partners LLC lifted its position in shares of Direxion Daily TSLA Bear 1X Shares by 64.6% during the 4th quarter. Ridgecrest Wealth Partners LLC now owns 39,485 shares of the company’s stock valued at $200,000 after buying an additional 15,500 shares in the last quarter.

About Direxion Daily TSLA Bear 1X Shares

(Get Free Report)

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.

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