Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Drops By 51.5%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS – Get Free Report) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 26,071 shares, a decline of 51.5% from the June 30th total of 53,768 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average trading volume of 501,961 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Headlands Technologies LLC grew its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 1,229.8% during the fourth quarter. Headlands Technologies LLC now owns 481,884 shares of the company’s stock valued at $2,443,000 after buying 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 in the 4th quarter worth about $2,156,000. Advisory Services Network LLC bought a new position in Direxion Daily TSLA Bear 1X Shares in the 2nd quarter valued at about $1,360,000. Flow Traders U.S. LLC bought a new position in Direxion Daily TSLA Bear 1X Shares in the 3rd quarter valued at about $867,000. Finally, Tower Research Capital LLC TRC boosted its stake in 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 purchasing an additional 93,459 shares during the last quarter.

Get Direxion Daily TSLA Bear 1X Shares alerts:

Direxion Daily TSLA Bear 1X Shares Stock Down 1.9%

Shares of NASDAQ:TSLS opened at $68.35 on Thursday. Direxion Daily TSLA Bear 1X Shares has a twelve month low of $46.20 and a twelve month high of $82.01. The stock’s 50 day moving average is $55.10 and its 200-day moving average is $55.70.

Direxion Daily TSLA Bear 1X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.3419 per share. This represents a $1.37 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, June 23rd.

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.

Featured Stories

• Five stocks we like better than Direxion Daily TSLA Bear 1X Shares
• 2 Unique Space ETFs That Could Upend the Industry
• Corning Stock Crashes on Earnings, But the Sell-Off Looks Overdone
• Palantir’s Earnings Setup Puts Its AI Growth Story Back on Trial Again
• Mining For Megawatts: AMD’s Billion-Dollar Grid Grab

Receive News & Ratings for Direxion Daily TSLA Bear 1X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily TSLA Bear 1X Shares and related companies with MarketBeat.com's FREE daily email newsletter.