Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Sees Significant Decline in Short Interest

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 250,400 shares, a decrease of 23.6% from the October 31st total of 327,800 shares. Based on an average daily trading volume, of 3,702,300 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Direxion Daily TSLA Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily TSLA Bear 1X Shares stock. Headlands Technologies LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,178 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily TSLA Bear 1X Shares Trading Down 3.5 %

NASDAQ:TSLS traded down $0.36 during mid-day trading on Friday, hitting $9.79. The company had a trading volume of 2,613,025 shares, compared to its average volume of 2,362,082. The business’s fifty day moving average is $13.50 and its two-hundred day moving average is $17.53. Direxion Daily TSLA Bear 1X Shares has a fifty-two week low of $9.34 and a fifty-two week high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.1386 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.