Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Down 67.6% in October

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 110,000 shares, a drop of 67.6% from the September 30th total of 340,000 shares. Based on an average daily trading volume, of 2,255,900 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

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

Direxion Daily TSLA Bear 1X Shares Stock Performance

Shares of TSLS traded down $0.45 during trading hours on Friday, hitting $13.19. 5,214,661 shares of the company were exchanged, compared to its average volume of 1,859,879. Direxion Daily TSLA Bear 1X Shares has a 52 week low of $13.18 and a 52 week high of $31.83. The firm’s 50 day moving average is $16.56 and its 200-day moving average is $20.06.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.1386 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $0.55 dividend on an annualized basis and a yield of 4.20%.

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.