Direxion Daily TSLA Bear 1X Shares Announces Quarterly Dividend of $0.34 (NASDAQ:TSLS)

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Stockholders of record on Tuesday, March 24th will be paid a dividend of 0.338 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

Direxion Daily TSLA Bear 1X Shares Stock Down 1.2%

Shares of TSLS stock traded down $0.69 during trading on Tuesday, hitting $58.67. 377,484 shares of the stock traded hands, compared to its average volume of 5,410,059. Direxion Daily TSLA Bear 1X Shares has a 52-week low of $46.20 and a 52-week high of $131.70. The firm’s fifty day moving average price is $54.70 and its 200-day moving average price is $54.87.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its stake in shares of Direxion Daily TSLA Bear 1X Shares by 21.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 15,255 shares of the company’s stock valued at $82,000 after purchasing an additional 2,714 shares during the last quarter. PayPay Securities Corp increased its position in shares of Direxion Daily TSLA Bear 1X Shares by 103.6% during the 4th quarter. PayPay Securities Corp now owns 15,254 shares of the company’s stock worth $77,000 after purchasing an additional 7,762 shares during the last quarter. Ridgecrest Wealth Partners LLC increased its position in shares of Direxion Daily TSLA Bear 1X Shares by 53.4% during the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 23,985 shares of the company’s stock worth $129,000 after purchasing an additional 8,350 shares during the last quarter. Private Advisor Group LLC raised its holdings in 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 valued at $134,000 after buying an additional 14,300 shares during the period. Finally, Optiver Holding B.V. acquired a new position in Direxion Daily TSLA Bear 1X Shares in the third quarter valued at about $81,000.

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.