Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Drops By 68.4%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 270,900 shares, a decline of 68.4% from the March 15th total of 857,300 shares. Based on an average daily trading volume, of 12,502,400 shares, the days-to-cover ratio is presently 0.0 days. Currently, 5.2% of the company's stock are short sold.

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

Several institutional investors and hedge funds have recently modified their holdings of TSLS. Jane Street Group LLC increased its position in Direxion Daily TSLA Bear 1X Shares by 1,421.6% during the fourth 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 during the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at approximately $2,009,000. IMC Chicago LLC bought a new position in Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth approximately $1,598,000. Advisory Services Network LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth approximately $1,423,000. Finally, Jump Financial LLC bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at approximately $563,000.

Direxion Daily TSLA Bear 1X Shares Trading Up 0.2 %

NASDAQ:TSLS traded up $0.02 during mid-day trading on Friday, reaching $11.12. The stock had a trading volume of 4,594,461 shares, compared to its average volume of 6,237,254. The business's 50 day moving average is $10.98 and its 200 day moving average is $10.59. Direxion Daily TSLA Bear 1X Shares has a fifty-two week low of $6.82 and a fifty-two week high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.0756 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.72%.

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.