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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,696,117 shares, an increase of 199.3% from the December 31st total of 1,569,001 shares. Approximately 35.4% of the shares of the company are short sold. Based on an average daily trading volume, of 67,009,274 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 67,009,274 shares, the days-to-cover ratio is currently 0.1 days. Approximately 35.4% of the shares of the company are short sold.

Direxion Daily TSLA Bear 1X Shares Trading Down 0.2%

Shares of Direxion Daily TSLA Bear 1X Shares stock opened at $5.27 on Thursday. The firm has a 50-day simple moving average of $5.16 and a two-hundred day simple moving average of $5.96. Direxion Daily TSLA Bear 1X Shares has a fifty-two week low of $4.62 and a fifty-two week high of $13.88.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.0495 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.20 annualized dividend and a dividend yield of 3.8%. This is a boost from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.04.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

Several institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the second quarter valued at approximately $1,360,000. Flow Traders U.S. LLC acquired a new stake in Direxion Daily TSLA Bear 1X Shares in the 3rd quarter valued at $867,000. IMC Chicago LLC grew its stake in Direxion Daily TSLA Bear 1X Shares by 33.2% in the 3rd quarter. IMC Chicago LLC now owns 618,911 shares of the company’s stock valued at $3,330,000 after acquiring an additional 154,092 shares during the period. Tower Research Capital LLC TRC increased its holdings in Direxion Daily TSLA Bear 1X Shares by 207.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 138,578 shares of the company’s stock worth $1,086,000 after acquiring an additional 93,459 shares in the last quarter. Finally, StoneX Group Inc. raised its position in Direxion Daily TSLA Bear 1X Shares by 265.9% during the second quarter. StoneX Group Inc. now owns 61,950 shares of the company’s stock worth $486,000 after acquiring an additional 45,021 shares during the period.

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.