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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 250,400 shares, a decrease of 23.6% from the October 31st total of 327,800 shares. Based on an average daily volume of 3,702,300 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of 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 bought a new stake in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,178 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily TSLA Bear 1X Shares Price Performance

Shares of TSLS opened at $10.15 on Friday. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $9.34 and a 1-year high of $31.83. The firm has a 50 day simple moving average of $13.62 and a 200-day simple moving average of $17.63.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.1386 per share. This represents a $0.55 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.