Direxion Daily TSLA Bear 1X Shares $TSLS Shares Sold by Jump Financial LLC

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 trimmed its stake in shares of Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Free Report) by 82.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,272 shares of the company's stock after selling 57,725 shares during the quarter. Jump Financial LLC owned about 0.15% of Direxion Daily TSLA Bear 1X Shares worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of TSLS. Jane Street Group LLC boosted its position in shares of Direxion Daily TSLA Bear 1X Shares by 1,421.6% during 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 in the last quarter. GTS Securities LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth approximately $468,000. Rossby Financial LCC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 1st quarter worth approximately $28,000. XTX Topco Ltd acquired a new position in Direxion Daily TSLA Bear 1X Shares during the first quarter worth $202,000. Finally, RMR Capital Management LLC raised its holdings in Direxion Daily TSLA Bear 1X Shares by 229.3% during the first 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 last quarter.

Direxion Daily TSLA Bear 1X Shares Stock Down 3.5%

Direxion Daily TSLA Bear 1X Shares stock traded down $0.25 during trading hours on Friday, hitting $6.95. The stock had a trading volume of 29,721,488 shares, compared to its average volume of 18,249,502. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $6.82 and a 1-year high of $18.20. The stock's fifty day moving average is $7.59 and its two-hundred day moving average is $8.96.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

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