Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Down 61.1% in December

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 232,900 shares, a drop of 61.1% from the December 15th total of 598,700 shares. Based on an average daily volume of 7,507,500 shares, the days-to-cover ratio is currently 0.0 days.

Direxion Daily TSLA Bear 1X Shares Trading Down 7.9 %

TSLS traded down $0.64 during trading on Wednesday, reaching $7.46. The company had a trading volume of 9,885,372 shares, compared to its average volume of 11,740,540. The firm’s 50-day simple moving average is $8.76 and its 200 day simple moving average is $13.95. Direxion Daily TSLA Bear 1X Shares has a 12-month low of $6.82 and a 12-month high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.0665 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On 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 position in shares of Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,178 shares of the company’s stock, valued at approximately $25,000.

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.