Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Up 60.4% in December

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 598,700 shares, a growth of 60.4% from the November 30th total of 373,300 shares. Based on an average trading volume of 6,076,500 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily TSLA Bear 1X Shares stock. Headlands Technologies LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,178 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily TSLA Bear 1X Shares Trading Up 5.2 %

Direxion Daily TSLA Bear 1X Shares stock traded up $0.37 during midday trading on Friday, reaching $7.54. The stock had a trading volume of 9,733,027 shares, compared to its average volume of 3,002,858. Direxion Daily TSLA Bear 1X Shares has a twelve month low of $6.82 and a twelve month high of $31.83. The firm’s fifty day simple moving average is $10.45 and its two-hundred day simple moving average is $15.26.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

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