Investors Purchase Large Volume of Direxion Daily TSLA Bear 1X Shares Call Options (NASDAQ:TSLS)

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

Direxion Daily TSLA Bear 1X Shares Stock Up 2.7 %

Direxion Daily TSLA Bear 1X Shares stock opened at $28.25 on Wednesday. The business’s 50-day moving average price is $25.11 and its 200 day moving average price is $22.28. 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 disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were paid a dividend of $0.2399 per share. This is a boost from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, March 19th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.40%.

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

Large investors have recently made changes to their positions in the company. UBS Group AG purchased a new position in Direxion Daily TSLA Bear 1X Shares during the third quarter worth approximately $116,000. Morgan Stanley lifted its position in shares of Direxion Daily TSLA Bear 1X Shares by 1,580.1% during the 4th quarter. Morgan Stanley now owns 2,453 shares of the company’s stock valued at $120,000 after buying an additional 2,307 shares in the last quarter. Simplex Trading LLC acquired a new stake in Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at $181,000. Private Advisor Group LLC purchased a new stake in Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth $202,000. Finally, Jump Financial LLC acquired a new position in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth $303,000.

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.