Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Up 151.0% in January

Posted by Phillip Gast on Jan 31st, 2025

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS – Get Free Report) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 584,500 shares, an increase of 151.0% from the December 31st total of 232,900 shares. Based on an average daily volume of 8,827,400 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Price Performance

Shares of TSLS stock traded down $0.04 during trading hours on Friday, hitting $7.94. 13,884,188 shares of the company’s stock were exchanged, compared to its average volume of 11,136,071. Direxion Daily TSLA Bear 1X Shares has a 52 week low of $6.82 and a 52 week high of $31.83. The stock’s 50-day moving average is $8.20 and its 200-day moving average is $13.28.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.0665 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Direxion Daily TSLA Bear 1X Shares

A number of large investors have recently modified their holdings of the stock. PayPay Securities Corp acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at approximately $66,000. Ridgecrest Wealth Partners LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at $96,000. RMR Capital Management LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at $107,000. Finally, IMC Chicago LLC bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth $1,598,000.

About Direxion Daily TSLA Bear 1X Shares

(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.