Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Drops By 68.4%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS – Get Free Report) was the recipient of 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 shares of the stock are sold short. Based on an average daily volume of 424,260 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TSLS. Group One Trading LLC increased its holdings in shares of 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 worth $311,000 after purchasing an additional 34,743 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of 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 worth $1,086,000 after purchasing an additional 93,459 shares during the period. Advisory Services Network LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the second quarter worth $1,360,000. SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 21.6% in 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 during the period. Finally, Cibc World Market Inc. increased its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 41.2% in the third quarter. Cibc World Market Inc. now owns 108,644 shares of the company’s stock worth $585,000 after purchasing an additional 31,712 shares during the period.

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Direxion Daily TSLA Bear 1X Shares Trading Down 1.8%

Shares of Direxion Daily TSLA Bear 1X Shares stock traded down $0.97 during trading on Friday, hitting $53.66. The stock had a trading volume of 1,546,477 shares, compared to its average volume of 3,061,181. Direxion Daily TSLA Bear 1X Shares has a 12 month low of $46.20 and a 12 month high of $85.30. The business’s 50-day moving average is $56.02 and its 200 day moving average is $54.65.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.338 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $1.35 annualized dividend and a dividend yield of 2.5%.

About Direxion Daily TSLA Bear 1X Shares

(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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