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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 1,641,008 shares, a decline of 65.1% from the January 15th total of 4,696,117 shares. Currently, 11.7% of the company’s stock are sold short. Based on an average trading volume of 63,562,487 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 63,562,487 shares, the short-interest ratio is presently 0.0 days. Currently, 11.7% of the company’s stock are sold short.

Direxion Daily TSLA Bear 1X Shares Stock Performance

Shares of NASDAQ TSLS opened at $5.28 on Thursday. The business has a 50-day moving average of $5.14 and a 200-day moving average of $5.80. Direxion Daily TSLA Bear 1X Shares has a fifty-two week low of $4.62 and a fifty-two week high of $13.88.

Direxion Daily TSLA Bear 1X Shares’s stock is scheduled to reverse split before the market opens on Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, March 4th.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.0495 per share. This represents a $0.20 annualized dividend and a yield of 3.7%. This is an increase from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

Hedge funds have recently modified their holdings of the stock. IMC Chicago LLC boosted its holdings in Direxion Daily TSLA Bear 1X Shares by 33.2% in the 3rd 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 during the period. Advisory Services Network LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 2nd quarter valued at $1,360,000. Flow Traders U.S. LLC acquired a new stake in Direxion Daily TSLA Bear 1X Shares during the 3rd quarter worth approximately $867,000. Tower Research Capital LLC TRC increased its stake 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 buying an additional 93,459 shares during the period. Finally, Cibc World Market Inc. raised its stake in Direxion Daily TSLA Bear 1X Shares by 41.2% during the third quarter. Cibc World Market Inc. now owns 108,644 shares of the company’s stock worth $585,000 after buying an additional 31,712 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.