IMC Chicago LLC Buys 154,092 Shares of Direxion Daily TSLA Bear 1X Shares $TSLS

IMC Chicago LLC lifted its position in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) by 33.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 618,911 shares of the company’s stock after purchasing an additional 154,092 shares during the quarter. IMC Chicago LLC owned about 4.16% of Direxion Daily TSLA Bear 1X Shares worth $3,330,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. grew its holdings in Direxion Daily TSLA Bear 1X Shares by 1,020.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 12,541 shares of the company’s stock valued at $98,000 after buying an additional 11,422 shares in the last quarter. PayPay Securities Corp raised its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 87.2% during the 2nd quarter. PayPay Securities Corp now owns 9,004 shares of the company’s stock worth $71,000 after acquiring an additional 4,193 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 2nd quarter valued at approximately $1,360,000. Tower Research Capital LLC TRC grew its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 207.1% in the second quarter. Tower Research Capital LLC TRC now owns 138,578 shares of the company’s stock valued at $1,086,000 after purchasing an additional 93,459 shares in the last quarter. Finally, Ridgecrest Wealth Partners LLC grew its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 53.4% in the third quarter. Ridgecrest Wealth Partners LLC now owns 23,985 shares of the company’s stock valued at $129,000 after purchasing an additional 8,350 shares in the last quarter.

Direxion Daily TSLA Bear 1X Shares Stock Up 2.3%

Direxion Daily TSLA Bear 1X Shares stock opened at $5.71 on Friday. The firm’s fifty day moving average is $5.14 and its 200 day moving average is $5.88. Direxion Daily TSLA Bear 1X Shares has a 52-week low of $4.62 and a 52-week high of $13.88.

Direxion Daily TSLA Bear 1X Shares shares are going to reverse split on the morning of Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, March 4th.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.0495 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, December 23rd. This is a positive change from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.04.

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.