Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Up 110.9% in March

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 857,300 shares, a growth of 110.9% from the February 28th total of 406,400 shares. Based on an average daily volume of 11,547,900 shares, the short-interest ratio is presently 0.1 days. Approximately 12.6% of the company’s stock are short sold.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

A number of institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. grew its position 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 valued at $60,000 after buying an additional 6,996 shares during the last quarter. PayPay Securities Corp purchased a new position in Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth approximately $66,000. Sequoia Financial Advisors LLC acquired a new position in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth approximately $80,000. Ridgecrest Wealth Partners LLC purchased a new stake in Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at approximately $96,000. Finally, RMR Capital Management LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth approximately $107,000.

Direxion Daily TSLA Bear 1X Shares Trading Up 3.7 %

Direxion Daily TSLA Bear 1X Shares stock opened at $11.01 on Friday. The company’s 50 day moving average is $9.99 and its two-hundred day moving average is $11.13. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.0756 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Tuesday, March 25th.

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.