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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 584,500 shares, a growth of 151.0% from the December 31st total of 232,900 shares. Based on an average trading volume of 8,827,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

Several large investors have recently bought and sold shares of TSLS. Ridgecrest Wealth Partners LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth about $96,000. RMR Capital Management LLC bought a new position in Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth about $107,000. IMC Chicago LLC bought a new position in Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth about $1,598,000. Finally, PayPay Securities Corp acquired a new position in Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at approximately $66,000.

Direxion Daily TSLA Bear 1X Shares Stock Down 1.3 %

Shares of NASDAQ TSLS traded down $0.10 on Friday, hitting $7.87. The company’s stock had a trading volume of 16,190,781 shares, compared to its average volume of 11,285,345. 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 50 day moving average of $8.16 and a 200-day moving average of $13.21.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.0665 per share. The ex-dividend date was Monday, December 23rd.

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.