Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Announces $0.34 Quarterly Dividend

Key Points

• Dividend declared: Direxion Daily TSLA Bear 1X Shares will pay a quarterly dividend of $0.338 per share to holders of record on March 24, payable March 31, implying an annualized yield of about 2.3% (ex-dividend date March 24).
• Fund profile: TSLS is a Direxion exchange-traded fund providing inverse (-1x) exposure to Tesla's daily price movements and was launched on August 9, 2022.
• Market activity and investor interest: Shares traded down 1.2% to $58.67 with 377,484 shares changing hands, and several institutional investors (including IMC Chicago and StoneX) have recently increased or established positions in TSLS.

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) declared a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Stockholders of record on Tuesday, March 24th will be paid a dividend of 0.338 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

Direxion Daily TSLA Bear 1X Shares Trading Down 1.2%

Shares of Direxion Daily TSLA Bear 1X Shares stock traded down $0.69 on Tuesday, hitting $58.67. 377,484 shares of the company were exchanged, compared to its average volume of 5,410,059. The company has a 50-day moving average price of $54.70 and a 200 day moving average price of $54.87. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $46.20 and a 1-year high of $131.70.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSLS. IMC Chicago LLC boosted its position in shares of Direxion Daily TSLA Bear 1X Shares by 33.2% during the 3rd quarter. IMC Chicago LLC now owns 618,911 shares of the company's stock valued at $3,330,000 after acquiring an additional 154,092 shares during the last quarter. Ridgecrest Wealth Partners LLC grew 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 valued at $129,000 after purchasing an additional 8,350 shares during the period. StoneX Group Inc. increased its position in Direxion Daily TSLA Bear 1X Shares by 265.9% during the second quarter. StoneX Group Inc. now owns 61,950 shares of the company's stock worth $486,000 after purchasing an additional 45,021 shares during the last quarter. XTX Topco Ltd acquired a new stake in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth about $129,000. Finally, PayPay Securities Corp raised its stake in Direxion Daily TSLA Bear 1X Shares by 103.6% during the fourth quarter. PayPay Securities Corp now owns 15,254 shares of the company's stock worth $77,000 after purchasing an additional 7,762 shares during the period.

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.

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