Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Decreases By 92.3%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 78,106 shares, a decrease of 92.3% from the February 26th total of 1,008,133 shares. Currently, 5.6% of the company’s stock are short sold. Based on an average trading volume of 4,861,613 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 4,861,613 shares, the days-to-cover ratio is currently 0.0 days. Currently, 5.6% of the company’s stock are short sold.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLS. SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 21.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 15,255 shares of the company’s stock worth $82,000 after purchasing an additional 2,714 shares in the last quarter. PayPay Securities Corp increased its stake in Direxion Daily TSLA Bear 1X Shares by 103.6% during the 4th quarter. PayPay Securities Corp now owns 15,254 shares of the company’s stock valued at $77,000 after purchasing an additional 7,762 shares in the last quarter. Ridgecrest Wealth Partners LLC increased its stake in Direxion Daily TSLA Bear 1X Shares by 53.4% during the 3rd 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. Private Advisor Group LLC raised its holdings in Direxion Daily TSLA Bear 1X Shares by 133.6% during the third quarter. Private Advisor Group LLC now owns 25,000 shares of the company’s stock worth $134,000 after buying an additional 14,300 shares during the last quarter. Finally, Optiver Holding B.V. acquired a new position in Direxion Daily TSLA Bear 1X Shares during the third quarter worth $81,000.

Trending Headlines about Direxion Daily TSLA Bear 1X Shares

Here are the key news stories impacting Direxion Daily TSLA Bear 1X Shares this week:

• Positive Sentiment: The fund declared a quarterly cash dividend of $0.338 per share (ex-dividend date March 24, record March 24, pay March 31), implying an annualized yield of about 2.3% — a modest income kicker that can attract yield-sensitive buyers.
• Positive Sentiment: Reported short-interest fell sharply in mid‑March (one filing shows short interest down from 1,008,133 to 78,106 shares, a ~92% decline; short interest ~5.6% of float). If accurate, substantial short covering can remove a layer of downside pressure and dampen volatility tied to short squeezes.
• Neutral Sentiment: Multiple short‑interest reports for late March contain contradictory/erroneous figures (several feeds list 0 shares or NaN values and days‑to‑cover = 0.0). These inconsistencies suggest data/reporting issues across sources — treat recent short‑interest numbers with caution until consolidated, reliable filings arrive.
• Negative Sentiment: The ETF is trading lower today, and at least one market write‑up highlights a notable price decline — the drop may reflect broader moves in Tesla shares (underlying exposure), flows in inverse/leveraged products, and uncertainty from the inconsistent short‑interest prints. Article Title

Direxion Daily TSLA Bear 1X Shares Stock Performance

NASDAQ:TSLS opened at $58.67 on Wednesday. Direxion Daily TSLA Bear 1X Shares has a 12 month low of $46.20 and a 12 month high of $131.70. The firm has a fifty day simple moving average of $54.82 and a two-hundred day simple moving average of $54.90.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.338 per share. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

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.