Jump Financial LLC Decreases Holdings in Direxion Daily TSLA Bear 1X Shares $TSLS

Key Points

• Jump Financial LLC significantly reduced its investment in Direxion Daily TSLA Bear 1X Shares by 82.5%, now holding 12,272 shares after selling 57,725 shares in the first quarter.
• In contrast, RMR Capital Management LLC increased its stake by 229.3%, owning 43,677 shares valued at $489,000 after acquiring an additional 30,414 shares.
• The latest dividend of $0.0529 per share indicates an annualized yield of 2.9% for investors holding shares as of June 24th.

Jump Financial LLC lessened its holdings in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Free Report) by 82.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,272 shares of the company's stock after selling 57,725 shares during the period. Jump Financial LLC owned about 0.15% of Direxion Daily TSLA Bear 1X Shares worth $137,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TSLS. Jane Street Group LLC lifted its position in shares of Direxion Daily TSLA Bear 1X Shares by 1,421.6% in the 4th quarter. Jane Street Group LLC now owns 303,976 shares of the company's stock worth $2,447,000 after purchasing an additional 326,976 shares during the period. GTS Securities LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth approximately $468,000. RMR Capital Management LLC lifted its position in shares of Direxion Daily TSLA Bear 1X Shares by 229.3% in the 1st quarter. RMR Capital Management LLC now owns 43,677 shares of the company's stock worth $489,000 after purchasing an additional 30,414 shares during the period. XTX Topco Ltd purchased a new stake in Direxion Daily TSLA Bear 1X Shares during the first quarter valued at approximately $202,000. Finally, Rossby Financial LCC purchased a new stake in Direxion Daily TSLA Bear 1X Shares during the first quarter valued at approximately $28,000.

Direxion Daily TSLA Bear 1X Shares Price Performance

NASDAQ:TSLS remained flat at $7.02 during midday trading on Wednesday. 26,184,639 shares of the company were exchanged, compared to its average volume of 18,307,201. Direxion Daily TSLA Bear 1X Shares has a 12 month low of $6.80 and a 12 month high of $17.60. The firm has a 50-day moving average price of $7.53 and a 200-day moving average price of $8.92.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were given a dividend of $0.0529 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $0.21 dividend on an annualized basis and a yield of 3.0%.

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.