Ridgecrest Wealth Partners LLC Buys 15,500 Shares of Direxion Daily TSLA Bear 1X Shares $TSLS

Ridgecrest Wealth Partners LLC increased its stake in shares of Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) by 64.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,485 shares of the company’s stock after acquiring an additional 15,500 shares during the quarter. Ridgecrest Wealth Partners LLC owned about 0.27% of Direxion Daily TSLA Bear 1X Shares worth $200,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSLS. Group One Trading LLC boosted its position in shares of Direxion Daily TSLA Bear 1X Shares by 711.2% during the second quarter. Group One Trading LLC now owns 39,628 shares of the company’s stock worth $311,000 after acquiring an additional 34,743 shares during the last quarter. 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. Advisory Services Network LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares in the second quarter valued at $1,360,000. IMC Chicago LLC grew its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 33.2% in the third quarter. IMC Chicago LLC now owns 618,911 shares of the company’s stock valued at $3,330,000 after purchasing an additional 154,092 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 21.6% in the third quarter. SBI Securities Co. Ltd. now owns 15,255 shares of the company’s stock valued at $82,000 after purchasing an additional 2,714 shares in the last quarter.

Direxion Daily TSLA Bear 1X Shares Price Performance

TSLS stock opened at $64.67 on Friday. The firm has a fifty day moving average price of $57.28 and a 200 day moving average price of $54.40. Direxion Daily TSLA Bear 1X Shares has a fifty-two week low of $46.20 and a fifty-two week high of $119.70.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.338 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.1%.

About Direxion Daily TSLA Bear 1X Shares

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.