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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 50,241 shares, a decrease of 68.4% from the May 14th total of 158,776 shares. Based on an average daily volume of 424,260 shares, the days-to-cover ratio is currently 0.1 days. Approximately 3.8% of the shares of the company are short sold.

Direxion Daily TSLA Bear 1X Shares Price Performance

NASDAQ:TSLS traded down $0.65 during mid-day trading on Thursday, hitting $56.53. The company’s stock had a trading volume of 376,663 shares, compared to its average volume of 3,070,239. Direxion Daily TSLA Bear 1X Shares has a 1 year low of $46.20 and a 1 year high of $85.30. The business’s fifty day moving average is $56.14 and its two-hundred day moving average is $54.65.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.338 dividend. This represents a $1.35 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Investors Weigh In On Direxion Daily TSLA Bear 1X Shares

Several hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC boosted its holdings in Direxion Daily TSLA Bear 1X Shares by 1,229.8% in the fourth quarter. Headlands Technologies LLC now owns 481,884 shares of the company’s stock valued at $2,443,000 after purchasing an additional 445,646 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at about $2,156,000. Advisory Services Network LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 2nd quarter valued at about $1,360,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 3rd quarter valued at about $867,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Direxion Daily TSLA Bear 1X Shares by 207.1% during the 2nd 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.

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.