IMC Chicago LLC Boosts Holdings in Direxion Daily TSLA Bear 1X Shares $TSLS

IMC Chicago LLC raised its position in shares of Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) by 33.2% during the third quarter, HoldingsChannel reports. The fund owned 618,911 shares of the company’s stock after acquiring an additional 154,092 shares during the quarter. IMC Chicago LLC’s holdings in Direxion Daily TSLA Bear 1X Shares were worth $3,330,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TSLS. SBI Securities Co. Ltd. boosted its stake in shares of Direxion Daily TSLA Bear 1X Shares by 1,020.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 12,541 shares of the company’s stock worth $98,000 after purchasing an additional 11,422 shares during the period. PayPay Securities Corp lifted its stake in Direxion Daily TSLA Bear 1X Shares by 87.2% in the second quarter. PayPay Securities Corp now owns 9,004 shares of the company’s stock worth $71,000 after purchasing an additional 4,193 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares during the second quarter valued at approximately $1,360,000. Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily TSLA Bear 1X Shares by 207.1% during the second quarter. Tower Research Capital LLC TRC now owns 138,578 shares of the company’s stock valued at $1,086,000 after buying an additional 93,459 shares during the last quarter. Finally, Ridgecrest Wealth Partners LLC raised its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 53.4% in the third quarter. Ridgecrest Wealth Partners LLC now owns 23,985 shares of the company’s stock worth $129,000 after buying an additional 8,350 shares during the period.

Direxion Daily TSLA Bear 1X Shares Price Performance

Shares of TSLS stock opened at $5.71 on Friday. The stock has a 50 day moving average price of $5.14 and a 200 day moving average price of $5.88. Direxion Daily TSLA Bear 1X Shares has a 52-week low of $4.62 and a 52-week high of $13.88.

Shares of Direxion Daily TSLA Bear 1X Shares are scheduled to reverse split on Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, March 4th.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.0495 dividend. The ex-dividend date was Tuesday, December 23rd. This is a boost from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.5%.

Direxion Daily TSLA Bear 1X Shares 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.