Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Sees Large Decline in Short Interest

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 533,300 shares, a decline of 27.5% from the January 31st total of 735,900 shares. Based on an average daily volume of 10,248,100 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of hedge funds have recently modified their holdings of the company. Jane Street Group LLC increased its stake in Direxion Daily TSLA Bear 1X Shares by 1,421.6% in the 4th quarter. Jane Street Group LLC now owns 303,976 shares of the company's stock worth $2,447,000 after buying an additional 326,976 shares in the last quarter. Virtu Financial LLC bought a new position in Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth approximately $2,009,000. IMC Chicago LLC purchased a new stake in Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at approximately $1,598,000. Advisory Services Network LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at $1,423,000. Finally, Jump Financial LLC bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth about $563,000.

Direxion Daily TSLA Bear 1X Shares Stock Performance

NASDAQ:TSLS traded up $0.62 during mid-day trading on Thursday, hitting $11.76. 13,184,948 shares of the company traded hands, compared to its average volume of 4,796,520. The stock's fifty day moving average price is $8.62 and its 200-day moving average price is $11.80. Direxion Daily TSLA Bear 1X Shares has a one year low of $6.82 and a one year high of $31.83.

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Direxion Daily TSLA Bear 1X Shares Cuts Dividend

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

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.