Direxion Daily TSLA Bear 1X ETF (NASDAQ:TSLS) Shares Climb 0.7% – Still a Buy?

Shares of Direxion Daily TSLA Bear 1X ETF (NASDAQ:TSLS – Get Free Report) were up 0.7% on Tuesday. The company traded as high as $54.64 and last traded at $54.11. Approximately 98,531 shares traded hands during trading, a decline of 95% from the average session volume of 1,914,935 shares. The stock had previously closed at $53.72.

Direxion Daily TSLA Bear 1X ETF Stock Performance

The firm has a 50 day moving average of $57.31 and a 200-day moving average of $56.96.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. GTS Securities LLC bought a new position in Direxion Daily TSLA Bear 1X ETF in the second quarter worth $576,000. IMC Chicago LLC bought a new stake in Direxion Daily TSLA Bear 1X ETF in the 2nd quarter valued at $3,052,000. Finally, SHP Wealth Management bought a new stake in Direxion Daily TSLA Bear 1X ETF in the 4th quarter valued at $87,000.

About Direxion Daily TSLA Bear 1X ETF

(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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