Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 232,900 shares, a decline of 61.1% from the December 15th total of 598,700 shares. Based on an average daily volume of 7,507,500 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Direxion Daily TSLA Bear 1X Shares stock. Headlands Technologies LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,178 shares of the company's stock, valued at approximately $25,000.
Direxion Daily TSLA Bear 1X Shares Price Performance
Shares of NASDAQ:TSLS traded down $0.17 on Monday, hitting $7.97. The company had a trading volume of 9,727,391 shares, compared to its average volume of 12,241,441. The stock has a 50 day moving average price of $8.97 and a 200 day moving average price of $14.08. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $6.82 and a 1-year high of $31.83.
Direxion Daily TSLA Bear 1X Shares Cuts Dividend
The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.0665 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
Direxion Daily TSLA Bear 1X Shares Company Profile
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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.
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