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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 598,700 shares, an increase of 60.4% from the November 30th total of 373,300 shares. Based on an average daily volume of 6,076,500 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily TSLA Bear 1X Shares stock. Headlands Technologies LLC acquired a new position in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,178 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily TSLA Bear 1X Shares Stock Performance

TSLS stock traded up $0.36 during midday trading on Friday, reaching $7.53. 7,379,242 shares of the company’s stock traded hands, compared to its average volume of 2,992,257. The firm’s fifty day moving average price is $10.64 and its 200-day moving average price is $15.45. Direxion Daily TSLA Bear 1X Shares has a 52 week low of $6.82 and a 52 week high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.0665 per share. The ex-dividend date is Monday, December 23rd.

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.