Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Down 68.4% in March

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 270,900 shares, a drop of 68.4% from the March 15th total of 857,300 shares. Based on an average daily trading volume, of 12,502,400 shares, the short-interest ratio is presently 0.0 days. Currently, 5.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GTS Securities LLC bought a new position in Direxion Daily TSLA Bear 1X Shares during the fourth quarter valued at approximately $468,000. Jane Street Group LLC raised its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 1,421.6% during the 4th 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 in the last quarter. Optiver Holding B.V. raised its holdings in shares of 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 in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily TSLA Bear 1X Shares by 33.6% during 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 during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at $563,000.

Direxion Daily TSLA Bear 1X Shares Price Performance

TSLS stock opened at $10.57 on Wednesday. The company’s fifty day moving average price is $10.87 and its 200-day moving average price is $10.66. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.0756 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Tuesday, March 25th.

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.