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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS – Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 158,776 shares, an increase of 402.9% from the April 30th total of 31,571 shares. Based on an average daily volume of 689,686 shares, the days-to-cover ratio is presently 0.2 days. Approximately 12.1% of the company’s shares are short sold.

Direxion Daily TSLA Bear 1X Shares Stock Down 0.3%

NASDAQ:TSLS traded down $0.15 during midday trading on Thursday, hitting $49.92. The stock had a trading volume of 323,191 shares, compared to its average volume of 3,341,733. Direxion Daily TSLA Bear 1X Shares has a one year low of $46.20 and a one year high of $91.80. The stock has a 50-day moving average of $57.42 and a 200 day moving average of $54.67.

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Direxion Daily TSLA Bear 1X Shares Cuts Dividend

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

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. bought a new stake in Direxion Daily TSLA Bear 1X Shares during the 3rd quarter valued at $81,000. PayPay Securities Corp boosted its position in 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 acquiring an additional 7,762 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in 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 acquiring an additional 2,714 shares in the last quarter. SHP Wealth Management bought a new stake in Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at $87,000. Finally, Journey Advisory Group LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares during the 3rd quarter valued at $116,000.

Direxion Daily TSLA Bear 1X Shares Company Profile

(Get Free Report)

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.

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