Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Declines By 39.4%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 994,932 shares, a decline of 39.4% from the January 29th total of 1,641,008 shares. Approximately 7.1% of the shares of the company are sold short. Based on an average trading volume of 68,427,331 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 68,427,331 shares, the days-to-cover ratio is currently 0.0 days. Approximately 7.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLS. Simplex Trading LLC bought a new position in Direxion Daily TSLA Bear 1X Shares in the 2nd quarter valued at about $47,000. SBI Securities Co. Ltd. increased its stake in Direxion Daily TSLA Bear 1X Shares by 1,020.7% in the second quarter. SBI Securities Co. Ltd. now owns 12,541 shares of the company’s stock valued at $98,000 after acquiring an additional 11,422 shares during the last quarter. Optiver Holding B.V. bought a new position in Direxion Daily TSLA Bear 1X Shares in the third quarter valued at approximately $81,000. PayPay Securities Corp lifted its stake in Direxion Daily TSLA Bear 1X Shares by 103.6% during the fourth quarter. PayPay Securities Corp now owns 15,254 shares of the company’s stock worth $77,000 after purchasing an additional 7,762 shares during the last quarter. Finally, Journey Advisory Group LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares during the third quarter worth $116,000.

Direxion Daily TSLA Bear 1X Shares Price Performance

Direxion Daily TSLA Bear 1X Shares stock traded up $0.05 during midday trading on Monday, hitting $5.69. The company’s stock had a trading volume of 10,272,202 shares, compared to its average volume of 62,944,086. The company has a 50-day moving average price of $5.26 and a two-hundred day moving average price of $5.61. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $4.62 and a 1-year high of $13.88.

Direxion Daily TSLA Bear 1X Shares shares are set 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 business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.0495 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Tuesday, December 23rd. This is a positive change from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.04.

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.