Direxion Daily TSLA Bear 1X ETF (NASDAQ:TSLS) to Issue Dividend Increase – $0.40 Per Share

Direxion Daily TSLA Bear 1X ETF (NASDAQ:TSLS) declared a quarterly dividend on Monday, September 21st. Stockholders of record on Tuesday, September 22nd will be paid a dividend of 0.3962 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a 15.9% increase from Direxion Daily TSLA Bear 1X ETF’s previous quarterly dividend of $0.34.

Direxion Daily TSLA Bear 1X ETF Stock Down 1.6%

Shares of Direxion Daily TSLA Bear 1X ETF stock traded down $0.86 on Tuesday, reaching $53.62. The company’s stock had a trading volume of 144,795 shares, compared to its average volume of 2,058,994. The stock has a 50-day moving average price of $59.73 and a 200-day moving average price of $57.34. Direxion Daily TSLA Bear 1X ETF has a 52-week low of $46.20 and a 52-week high of $69.83.

About Direxion Daily TSLA Bear 1X ETF

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.