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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 110,000 shares, a decline of 67.6% from the September 30th total of 340,000 shares. Based on an average trading volume of 2,255,900 shares, the days-to-cover ratio is currently 0.0 days.

Direxion Daily TSLA Bear 1X Shares Stock Performance

NASDAQ TSLS traded down $0.45 during trading hours on Friday, hitting $13.19. 5,214,661 shares of the company traded hands, compared to its average volume of 1,859,879. Direxion Daily TSLA Bear 1X Shares has a twelve month low of $13.18 and a twelve month high of $31.83. The business’s 50-day moving average is $16.56 and its 200-day moving average is $20.06.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.1386 per share. This represents a $0.55 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend was Tuesday, September 24th.

Hedge Funds 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. Wakefield Asset Management LLLP bought a new position in shares of Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 24,639 shares of the company’s stock, valued at approximately $628,000. Wakefield Asset Management LLLP owned 1.03% of Direxion Daily TSLA Bear 1X Shares at the end of the most recent quarter.

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.