Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Sees Large Growth in Short Interest

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,880,000 shares, a growth of 155.2% from the August 31st total of 736,800 shares. Based on an average daily volume of 27,985,600 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 27,985,600 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Stock Performance

TSLS stock opened at $5.54 on Friday. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $5.08 and a 1-year high of $17.58. The business has a fifty day moving average price of $6.79 and a 200-day moving average price of $8.18.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.16 dividend on an annualized basis and a yield of 2.9%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Direxion Daily TSLA Bear 1X Shares in the second quarter valued at about $1,360,000. Tower Research Capital LLC TRC lifted its holdings in 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 acquiring an additional 93,459 shares during the period. StoneX Group Inc. lifted its holdings in Direxion Daily TSLA Bear 1X Shares by 265.9% in the second quarter. StoneX Group Inc. now owns 61,950 shares of the company’s stock valued at $486,000 after acquiring an additional 45,021 shares during the period. RMR Capital Management LLC lifted its holdings in Direxion Daily TSLA Bear 1X Shares by 229.3% in the first quarter. RMR Capital Management LLC now owns 43,677 shares of the company’s stock valued at $489,000 after acquiring an additional 30,414 shares during the period. Finally, Group One Trading LLC lifted its holdings in Direxion Daily TSLA Bear 1X Shares by 711.2% in the second quarter. Group One Trading LLC now owns 39,628 shares of the company’s stock valued at $311,000 after acquiring an additional 34,743 shares during the period.

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.