Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) to Issue Quarterly Dividend of $0.05

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) announced a quarterly dividend on Monday, December 22nd. Shareholders of record on Tuesday, December 23rd will be given a dividend of 0.0495 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Tuesday, December 23rd. This is a 23.7% increase from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.04.

Direxion Daily TSLA Bear 1X Shares Stock Down 1.7%

NASDAQ:TSLS opened at $4.71 on Tuesday. The company has a 50 day moving average price of $5.30 and a 200-day moving average price of $6.47. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $4.62 and a 1-year high of $13.88.

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.