Short Interest in Direxion Daily TSLA Bear 1X ETF (NASDAQ:TSLS) Increases By 66.1%

Direxion Daily TSLA Bear 1X ETF (NASDAQ:TSLS) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 50,862 shares, an increase of 66.1% from the August 15th total of 30,619 shares. Based on an average daily volume of 261,215 shares, the short-interest ratio is presently 0.2 days. Currently, 4.1% of the shares of the company are sold short.

Direxion Daily TSLA Bear 1X ETF Trading Down 0.4%

Shares of Direxion Daily TSLA Bear 1X ETF stock opened at $57.10 on Thursday. The firm has a 50-day simple moving average of $59.56 and a two-hundred day simple moving average of $57.33. Direxion Daily TSLA Bear 1X ETF has a fifty-two week low of $46.20 and a fifty-two week high of $69.83.

Institutional Trading of Direxion Daily TSLA Bear 1X ETF

Several institutional investors have recently modified their holdings of the stock. GTS Securities LLC acquired a new stake in Direxion Daily TSLA Bear 1X ETF in the 2nd quarter worth about $576,000. SHP Wealth Management purchased a new position in Direxion Daily TSLA Bear 1X ETF in the 4th quarter valued at $87,000. Finally, IMC Chicago LLC acquired a new stake in Direxion Daily TSLA Bear 1X ETF during the 2nd quarter worth $3,052,000.

About Direxion Daily TSLA Bear 1X ETF

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.