Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Increases By 402.9%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 158,776 shares, a growth of 402.9% from the April 30th total of 31,571 shares. Approximately 12.1% of the company’s stock are short sold. Based on an average trading volume of 689,686 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily TSLA Bear 1X Shares Stock Performance

Shares of TSLS traded down $0.15 during midday trading on Thursday, hitting $49.92. 323,191 shares of the company’s stock traded hands, compared to its average volume of 3,341,733. Direxion Daily TSLA Bear 1X Shares has a 1 year low of $46.20 and a 1 year high of $91.80. The firm’s fifty day moving average is $57.42 and its 200-day moving average is $54.67.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.338 per share. This represents a $1.35 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, March 24th.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

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

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.