Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Update

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 857,300 shares, a growth of 110.9% from the February 28th total of 406,400 shares. Based on an average daily volume of 11,547,900 shares, the short-interest ratio is currently 0.1 days. Currently, 12.6% of the company’s stock are sold short.

Direxion Daily TSLA Bear 1X Shares Price Performance

Shares of Direxion Daily TSLA Bear 1X Shares stock opened at $11.01 on Friday. Direxion Daily TSLA Bear 1X Shares has a 52 week low of $6.82 and a 52 week high of $31.83. The business has a 50 day moving average price of $9.99 and a 200-day moving average price of $11.09.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a dividend of $0.0756 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Tuesday, March 25th.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

Several institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. boosted its holdings in Direxion Daily TSLA Bear 1X Shares by 1,399.2% during the fourth quarter. Optiver Holding B.V. now owns 7,496 shares of the company’s stock worth $60,000 after purchasing an additional 6,996 shares during the last quarter. PayPay Securities Corp purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth approximately $66,000. Sequoia Financial Advisors LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at approximately $80,000. Ridgecrest Wealth Partners LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the fourth quarter valued at approximately $96,000. Finally, RMR Capital Management LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth $107,000.

About Direxion Daily TSLA Bear 1X Shares

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.