IMC Chicago LLC reduced its position in shares of Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Free Report) by 73.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,108 shares of the company's stock after selling 145,417 shares during the quarter. IMC Chicago LLC owned 1.03% of Direxion Daily TSLA Bear 1X Shares worth $594,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of TSLS. PayPay Securities Corp bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth $66,000. SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the fourth quarter valued at $247,000. Sequoia Financial Advisors LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth about $80,000. Virtu Financial LLC purchased a new position in Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth about $2,009,000. Finally, Renaissance Technologies LLC purchased a new position in Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth about $414,000.
Direxion Daily TSLA Bear 1X Shares Price Performance
TSLS traded up $0.30 during midday trading on Tuesday, hitting $7.97. 19,606,223 shares of the company traded hands, compared to its average volume of 8,832,862. The company's 50-day moving average is $8.81 and its 200 day moving average is $9.18. Direxion Daily TSLA Bear 1X Shares has a 52 week low of $6.82 and a 52 week high of $23.36.
Direxion Daily TSLA Bear 1X Shares Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a dividend of $0.0756 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.30 dividend on an annualized basis and a yield of 3.79%.
Direxion Daily TSLA Bear 1X Shares Company Profile
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Free Report)
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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