Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Down 61.1% in January

Posted by Carol Hyndes on Jan 30th, 2025

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS – Get Free Report) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 232,900 shares, a decrease of 61.1% from the December 31st total of 598,700 shares. Based on an average daily volume of 7,507,500 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

A number of institutional investors have recently bought and sold shares of the business. Ridgecrest Wealth Partners LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at about $96,000. RMR Capital Management LLC purchased a new position in Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at approximately $107,000. Finally, IMC Chicago LLC acquired a new stake in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth approximately $1,598,000.

Direxion Daily TSLA Bear 1X Shares Trading Up 2.5 %

NASDAQ TSLS traded up $0.20 on Wednesday, hitting $8.22. 9,570,134 shares of the stock were exchanged, compared to its average volume of 10,756,282. Direxion Daily TSLA Bear 1X Shares has a fifty-two week low of $6.82 and a fifty-two week high of $31.83. The company has a 50-day moving average price of $8.27 and a 200-day moving average price of $13.36.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.0665 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.