Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Trading Down 0.3% – Should You Sell?

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) shares dropped 0.3% on Tuesday . The company traded as low as $52.82 and last traded at $53.64. 414,612 shares changed hands during trading, a decline of 85% from the average daily volume of 2,697,987 shares. The stock had previously closed at $53.82.

Direxion Daily TSLA Bear 1X Shares Stock Performance

The firm’s 50 day moving average is $53.20 and its 200-day moving average is $54.82.

Direxion Daily TSLA Bear 1X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.3419 per share. This represents a $1.37 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, June 23rd.

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

Several hedge funds and other institutional investors have recently made changes to their positions in TSLS. PayPay Securities Corp lifted its position in Direxion Daily TSLA Bear 1X Shares by 103.6% during the fourth quarter. PayPay Securities Corp now owns 15,254 shares of the company’s stock worth $77,000 after buying an additional 7,762 shares in the last quarter. SHP Wealth Management purchased a new stake in Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at $87,000. XTX Topco Ltd purchased a new stake in Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at $129,000. Private Advisor Group LLC increased its stake in shares of Direxion Daily TSLA Bear 1X Shares by 133.6% in the 3rd quarter. Private Advisor Group LLC now owns 25,000 shares of the company’s stock worth $134,000 after acquiring an additional 14,300 shares during the last quarter. Finally, Ridgecrest Wealth Partners LLC increased its stake in shares of Direxion Daily TSLA Bear 1X Shares by 64.6% in the 4th quarter. Ridgecrest Wealth Partners LLC now owns 39,485 shares of the company’s stock worth $200,000 after acquiring an additional 15,500 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.