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 large growth in short interest in the month of April. As of April 15th, there was short interest totalling 947,500 shares, a growth of 249.8% from the March 31st total of 270,900 shares. Based on an average daily trading volume, of 12,204,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 18.7% of the company's stock are short sold.

Direxion Daily TSLA Bear 1X Shares Trading Down 9.9 %

Shares of Direxion Daily TSLA Bear 1X Shares stock opened at $9.24 on Friday. Direxion Daily TSLA Bear 1X Shares has a 1 year low of $6.82 and a 1 year high of $25.27. The company has a 50-day moving average of $11.15 and a 200 day moving average of $10.42.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently announced 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 was Tuesday, March 25th. This represents a $0.30 annualized dividend and a dividend yield of 3.27%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its stake in shares of Direxion Daily TSLA Bear 1X Shares by 1,421.6% in 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 during the last quarter. Virtu Financial LLC purchased a new stake in Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at about $2,009,000. IMC Chicago LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at about $1,598,000. Advisory Services Network LLC purchased a new position in Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth about $1,423,000. Finally, Jump Financial LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth approximately $563,000.

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.

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