Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Update

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 3,356,860 shares, a growth of 119.0% from the November 30th total of 1,532,666 shares. Based on an average trading volume of 63,962,436 shares, the days-to-cover ratio is presently 0.1 days. Currently, 22.0% of the company’s stock are sold short. Currently, 22.0% of the company’s stock are sold short. Based on an average trading volume of 63,962,436 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Stock Performance

Shares of NASDAQ TSLS opened at $4.80 on Monday. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $4.62 and a 1-year high of $13.88. The business has a fifty day moving average price of $5.25 and a 200 day moving average price of $6.38.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be given a dividend of $0.0495 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This is a positive change from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 4.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Ridgecrest Wealth Partners LLC purchased a new stake in Direxion Daily TSLA Bear 1X Shares during the second quarter valued at approximately $123,000. PayPay Securities Corp increased its position in shares of Direxion Daily TSLA Bear 1X Shares by 87.2% during the second quarter. PayPay Securities Corp now owns 9,004 shares of the company’s stock worth $71,000 after purchasing an additional 4,193 shares in the last quarter. Simplex Trading LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 2nd quarter valued at $47,000. SBI Securities Co. Ltd. boosted its position in shares of Direxion Daily TSLA Bear 1X Shares by 1,020.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 12,541 shares of the company’s stock worth $98,000 after purchasing an additional 11,422 shares in the last quarter. Finally, StoneX Group Inc. grew its stake in Direxion Daily TSLA Bear 1X Shares by 265.9% during the 2nd quarter. StoneX Group Inc. now owns 61,950 shares of the company’s stock worth $486,000 after buying an additional 45,021 shares during the last quarter.

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.