Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Sees Significant Drop in Short Interest

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 250,400 shares, a decrease of 23.6% from the October 31st total of 327,800 shares. Based on an average daily trading volume, of 3,702,300 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily TSLA Bear 1X Shares stock. Headlands Technologies LLC acquired a new stake in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,178 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily TSLA Bear 1X Shares Trading Down 3.5 %

NASDAQ TSLS opened at $9.79 on Friday. The business’s fifty day simple moving average is $13.50 and its 200-day simple moving average is $17.48. Direxion Daily TSLA Bear 1X Shares has a 52 week low of $9.34 and a 52 week high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a $0.1386 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.55 annualized dividend and a yield of 5.66%.

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.