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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 406,400 shares, a decrease of 23.8% from the February 13th total of 533,300 shares. Currently, 6.0% of the company’s stock are sold short. Based on an average daily volume of 11,313,800 shares, the short-interest ratio is presently 0.0 days.

Direxion Daily TSLA Bear 1X Shares Trading Down 3.8 %

Shares of NASDAQ TSLS opened at $12.02 on Monday. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $6.82 and a 1-year high of $31.83. The firm’s 50-day moving average price is $9.26 and its 200-day moving average price is $11.49.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.0665 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Direxion Daily TSLA Bear 1X Shares

A number of institutional investors and hedge funds have recently made changes to their positions in TSLS. Optiver Holding B.V. raised its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 1,399.2% in the 4th quarter. Optiver Holding B.V. now owns 7,496 shares of the company’s stock worth $60,000 after acquiring an additional 6,996 shares during the last quarter. PayPay Securities Corp acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth about $66,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth about $80,000. Ridgecrest Wealth Partners LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth about $96,000. Finally, RMR Capital Management LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth about $107,000.

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.