Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Expands By 94.6%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 431,200 shares, a growth of 94.6% from the June 30th total of 221,600 shares. Based on an average daily volume of 2,068,600 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Simplex Trading LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth about $181,000. Private Advisor Group LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth about $202,000. Jump Financial LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth about $303,000. Wakefield Asset Management LLLP purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 1st quarter worth about $628,000. Finally, IMC Chicago LLC lifted its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 223.5% during the 4th quarter. IMC Chicago LLC now owns 170,608 shares of the company’s stock worth $3,209,000 after acquiring an additional 117,867 shares during the period.

Direxion Daily TSLA Bear 1X Shares Price Performance

Shares of NASDAQ:TSLS traded down $0.11 during midday trading on Friday, reaching $17.94. The company’s stock had a trading volume of 2,169,647 shares, compared to its average volume of 1,676,236. Direxion Daily TSLA Bear 1X Shares has a 1 year low of $15.08 and a 1 year high of $31.83. The business has a 50 day moving average price of $20.78 and a 200 day moving average price of $23.30.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th were issued a dividend of $0.1681 per share. The ex-dividend date of this dividend was Tuesday, June 25th.

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.