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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a large increase in short interest during the month of 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. Based on an average daily volume of 11,547,900 shares, the short-interest ratio is presently 0.1 days. Currently, 12.6% of the shares of the company are short sold.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of TSLS. GTS Securities LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth approximately $468,000. Jane Street Group LLC grew its position 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. Optiver Holding B.V. increased its stake in Direxion Daily TSLA Bear 1X Shares by 1,399.2% during the 4th quarter. Optiver Holding B.V. now owns 7,496 shares of the company’s stock worth $60,000 after acquiring an additional 6,996 shares during the period. Tower Research Capital LLC TRC raised its holdings in Direxion Daily TSLA Bear 1X Shares by 33.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 40,278 shares of the company’s stock valued at $324,000 after acquiring an additional 10,140 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at $563,000.

Direxion Daily TSLA Bear 1X Shares Stock Up 3.7 %

Shares of NASDAQ TSLS opened at $11.01 on Friday. The stock’s fifty day moving average price is $9.99 and its two-hundred day moving average price is $11.09. Direxion Daily TSLA Bear 1X Shares has a one year low of $6.82 and a one year high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be paid a $0.0756 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.30 annualized dividend and a dividend yield of 2.74%.

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.