Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 584,500 shares, an increase of 151.0% from the December 31st total of 232,900 shares. Based on an average daily volume of 8,827,400 shares, the short-interest ratio is presently 0.1 days.
Institutional Trading of Direxion Daily TSLA Bear 1X Shares
Several institutional investors have recently made changes to their positions in the company. PayPay Securities Corp acquired a new stake in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth $66,000. IMC Chicago LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth $1,598,000. RMR Capital Management LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth about $107,000. Finally, Ridgecrest Wealth Partners LLC purchased a new stake in Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at about $96,000.
Direxion Daily TSLA Bear 1X Shares Price Performance
Shares of TSLS stock traded down $0.17 during trading hours on Tuesday, reaching $8.11. The company had a trading volume of 8,261,614 shares, compared to its average volume of 11,233,385. Direxion Daily TSLA Bear 1X Shares has a 12-month low of $6.82 and a 12-month high of $31.83. The stock has a fifty day moving average of $8.13 and a 200-day moving average of $13.13.
Direxion Daily TSLA Bear 1X Shares Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors 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.
About Direxion Daily TSLA Bear 1X Shares
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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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