IMC Chicago LLC Invests $3.05 Million in Direxion Daily TSLA Bear 1X Shares $TSLS

Key Points

• IMC Chicago LLC acquired 59,658 shares of Direxion Daily TSLA Bear 1X Shares (TSLS), valued at approximately $3.05 million, giving it a 4.85% stake.
• Several other hedge funds increased or initiated positions in TSLS, including Headlands Technologies, Renaissance Technologies, Advisory Services Network, Flow Traders and Tower Research Capital.
• TSLS shares rose 1.8% to open at $59.25. The inverse ETF, which targets -1x daily exposure to Tesla’s stock, also recently paid a quarterly dividend of $0.3419 per share, equivalent to a 2.3% annualized yield.

IMC Chicago LLC acquired a new position in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 59,658 shares of the company's stock, valued at approximately $3,052,000. IMC Chicago LLC owned 4.85% of Direxion Daily TSLA Bear 1X Shares at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC lifted its holdings in Direxion Daily TSLA Bear 1X Shares by 1,229.8% in the fourth quarter. Headlands Technologies LLC now owns 481,884 shares of the company's stock valued at $2,443,000 after acquiring an additional 445,646 shares during the period. Renaissance Technologies LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth approximately $2,156,000. Advisory Services Network LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares in the second quarter worth approximately $1,360,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares in the third quarter worth approximately $867,000. Finally, Tower Research Capital LLC TRC grew its position in 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 period.

Direxion Daily TSLA Bear 1X Shares Stock Up 1.8%

Shares of TSLS stock opened at $59.25 on Friday. Direxion Daily TSLA Bear 1X Shares has a 12 month low of $46.20 and a 12 month high of $74.90. The company has a 50 day simple moving average of $58.89 and a two-hundred day simple moving average of $57.16.

Direxion Daily TSLA Bear 1X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.3419 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.37 dividend on an annualized basis and a dividend yield of 2.3%.

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.

Want to see what other hedge funds are holding TSLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Free Report).

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