Renaissance Technologies LLC bought a new position in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 51,400 shares of the company's stock, valued at approximately $414,000. Renaissance Technologies LLC owned approximately 0.76% of Direxion Daily TSLA Bear 1X Shares at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. PayPay Securities Corp bought a new position in Direxion Daily TSLA Bear 1X Shares during the fourth quarter valued at approximately $66,000. Sequoia Financial Advisors LLC purchased a new position in Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at approximately $80,000. Ridgecrest Wealth Partners LLC purchased a new stake in Direxion Daily TSLA Bear 1X Shares during the fourth quarter valued at $96,000. RMR Capital Management LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at about $107,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth approximately $247,000.
Direxion Daily TSLA Bear 1X Shares Stock Performance
TSLS stock traded down $0.40 during midday trading on Friday, reaching $8.83. The company's stock had a trading volume of 9,147,707 shares, compared to its average volume of 11,845,877. Direxion Daily TSLA Bear 1X Shares has a 1 year low of $6.82 and a 1 year high of $25.27. The stock has a fifty day simple moving average of $11.02 and a two-hundred day simple moving average of $10.00.
Direxion Daily TSLA Bear 1X Shares Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a dividend of $0.0756 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.30 annualized dividend and a dividend yield of 3.42%.
About Direxion Daily TSLA Bear 1X Shares
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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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