Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Plans Quarterly Dividend of $0.04

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) declared a quarterly dividend on Monday, September 22nd. Shareholders of record on Tuesday, September 23rd will be given a dividend of 0.04 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 23rd.

Direxion Daily TSLA Bear 1X Shares Stock Performance

NASDAQ TSLS traded down $0.04 on Tuesday, hitting $5.53. 20,201,443 shares of the company’s stock were exchanged, compared to its average volume of 18,992,561. The firm’s 50-day moving average price is $7.18 and its two-hundred day moving average price is $8.61. Direxion Daily TSLA Bear 1X Shares has a fifty-two week low of $5.42 and a fifty-two week high of $17.58.

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

Hedge funds have recently bought and sold shares of the company. GTS Securities LLC purchased a new position in Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at approximately $468,000. XTX Topco Ltd purchased a new position in Direxion Daily TSLA Bear 1X Shares in the 1st quarter valued at approximately $202,000. Rossby Financial LCC purchased a new position in Direxion Daily TSLA Bear 1X Shares in the 1st quarter valued at approximately $28,000. Advisory Services Network LLC purchased a new position in Direxion Daily TSLA Bear 1X Shares in the 2nd quarter valued at approximately $1,360,000. Finally, Tower Research Capital LLC TRC increased its stake in Direxion Daily TSLA Bear 1X Shares by 207.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 138,578 shares of the company’s stock valued at $1,086,000 after purchasing an additional 93,459 shares in 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.