Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Up 25.9% in January

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 735,900 shares, an increase of 25.9% from the January 15th total of 584,500 shares. Based on an average daily volume of 9,986,400 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Stock Up 0.6 %

TSLS stock traded up $0.05 during midday trading on Tuesday, reaching $8.91. The company had a trading volume of 9,148,171 shares, compared to its average volume of 10,714,559. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $6.82 and a 1-year high of $31.83. The stock has a 50 day moving average price of $8.00 and a 200-day moving average price of $12.53.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. IMC Chicago LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth $1,598,000. Ridgecrest Wealth Partners LLC bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth $96,000. PayPay Securities Corp acquired a new stake in Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at about $66,000. RMR Capital Management LLC bought a new position in Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at about $107,000. Finally, Jane Street Group LLC raised its stake 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 acquiring an additional 326,976 shares in the last quarter.

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.