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 in 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. Currently, 3.8% of the company’s stock are short sold. Based on an average daily trading volume, of 424,260 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Stock Down 1.1%

Direxion Daily TSLA Bear 1X Shares stock traded down $0.65 during mid-day trading on Thursday, reaching $56.53. 376,663 shares of the company were exchanged, compared to its average volume of 3,070,239. The business has a fifty day moving average of $56.14 and a 200 day moving average of $54.65. Direxion Daily TSLA Bear 1X Shares has a 12-month low of $46.20 and a 12-month high of $85.30.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

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

Hedge Funds Weigh In On Direxion Daily TSLA Bear 1X Shares

A number of large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily TSLA Bear 1X Shares by 21.6% during the third quarter. SBI Securities Co. Ltd. now owns 15,255 shares of the company’s stock worth $82,000 after purchasing an additional 2,714 shares in the last quarter. PayPay Securities Corp increased its position in shares of Direxion Daily TSLA Bear 1X Shares by 103.6% in the 4th quarter. PayPay Securities Corp now owns 15,254 shares of the company’s stock valued at $77,000 after acquiring an additional 7,762 shares during the period. Private Advisor Group LLC increased its position in shares of Direxion Daily TSLA Bear 1X Shares by 133.6% in the 3rd quarter. Private Advisor Group LLC now owns 25,000 shares of the company’s stock valued at $134,000 after acquiring an additional 14,300 shares during the period. Optiver Holding B.V. acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 3rd quarter valued at $81,000. Finally, Ridgecrest Wealth Partners LLC increased its position in shares of Direxion Daily TSLA Bear 1X Shares by 64.6% in the 4th quarter. Ridgecrest Wealth Partners LLC now owns 39,485 shares of the company’s stock valued at $200,000 after acquiring an additional 15,500 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.