Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Update

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 857,300 shares, an increase of 110.9% from the February 28th total of 406,400 shares. Currently, 12.6% of the company's stock are short sold. Based on an average trading volume of 11,547,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its holdings 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 in the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth approximately $2,009,000. IMC Chicago LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at about $1,598,000. Advisory Services Network LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at approximately $1,423,000. Finally, Jump Financial LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth $563,000.

Direxion Daily TSLA Bear 1X Shares Price Performance

Shares of TSLS traded down $0.66 during trading hours on Tuesday, reaching $10.54. The stock had a trading volume of 6,956,471 shares, compared to its average volume of 5,548,388. The firm has a 50-day simple moving average of $10.07 and a 200 day simple moving average of $11.02. Direxion Daily TSLA Bear 1X Shares has a 12 month low of $6.82 and a 12 month high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.0756 per share. The ex-dividend date is Tuesday, March 25th. This represents a $0.30 dividend on an annualized basis and a yield of 2.87%.

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.