Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Up 60.4% in December

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a significant increase in short interest in 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 trading volume of 6,076,500 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Trading Up 5.2 %

Shares of Direxion Daily TSLA Bear 1X Shares stock traded up $0.37 on Friday, reaching $7.54. 9,733,027 shares of the stock were exchanged, compared to its average volume of 3,002,858. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $6.82 and a 1-year high of $31.83. The business has a fifty day moving average price of $10.45 and a two-hundred day moving average price of $15.33.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

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

Institutional Trading of 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 bought a new position in shares of Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,178 shares of the company’s stock, valued at approximately $25,000.

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.