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

IMC Chicago LLC acquired a new position in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) 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.