Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Stock Price Down 0.1% – What’s Next?

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS)’s share price fell 0.1% on Tuesday . The company traded as low as $16.61 and last traded at $16.97. 1,330,991 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 1,836,035 shares. The stock had previously closed at $16.99.

Direxion Daily TSLA Bear 1X Shares Price Performance

The business’s 50-day simple moving average is $17.06 and its two-hundred day simple moving average is $20.54.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a dividend of $0.1386 per share. This represents a $0.55 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, September 24th.

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

A hedge fund recently bought a new stake in Direxion Daily TSLA Bear 1X Shares stock. Wakefield Asset Management LLLP purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,639 shares of the company’s stock, valued at approximately $628,000. Wakefield Asset Management LLLP owned about 1.03% of Direxion Daily TSLA Bear 1X Shares at the end of the most recent quarter.

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.