Traders Purchase High Volume of Call Options on Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS)

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) saw some unusual options trading on Tuesday. Stock investors purchased 3,230 call options on the stock. This represents an increase of approximately 1,388% compared to the typical daily volume of 217 call options.

Direxion Daily TSLA Bear 1X Shares Stock Performance

Shares of Direxion Daily TSLA Bear 1X Shares stock traded up $0.78 on Tuesday, hitting $28.28. The stock had a trading volume of 504,150 shares, compared to its average volume of 1,284,504. The stock has a 50 day moving average of $25.05 and a 200 day moving average of $22.21. Direxion Daily TSLA Bear 1X Shares has a twelve month low of $17.11 and a twelve month high of $34.92.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 20th were given a $0.2399 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Tuesday, March 19th. This is a positive change from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.19.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

Several institutional investors have recently added to or reduced their stakes in TSLS. UBS Group AG bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 3rd quarter valued at about $116,000. Morgan Stanley boosted its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 1,580.1% during the 4th quarter. Morgan Stanley now owns 2,453 shares of the company’s stock worth $120,000 after buying an additional 2,307 shares in the last quarter. Simplex Trading LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth approximately $181,000. Private Advisor Group LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at $202,000. Finally, Jump Financial LLC bought a new position in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth $303,000.

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.