Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Down 61.1% in January

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 232,900 shares, a drop of 61.1% from the December 31st total of 598,700 shares. Based on an average daily trading volume, of 7,507,500 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily TSLA Bear 1X Shares Price Performance

Shares of TSLS traded down $0.10 during mid-day trading on Friday, hitting $7.87. 16,097,994 shares of the company's stock traded hands, compared to its average volume of 11,277,341. The business's 50-day moving average price is $8.20 and its 200-day moving average price is $13.28. 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 disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.0665 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. PayPay Securities Corp purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares during the fourth quarter valued at about $66,000. Ridgecrest Wealth Partners LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth approximately $96,000. RMR Capital Management LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth approximately $107,000. Finally, IMC Chicago LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at approximately $1,598,000.

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.