Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Up 198.0% in October

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 327,800 shares, a growth of 198.0% from the October 15th total of 110,000 shares. Based on an average trading volume of 2,773,000 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Price Performance

Shares of NASDAQ TSLS opened at $10.09 on Wednesday. Direxion Daily TSLA Bear 1X Shares has a 12-month low of $9.48 and a 12-month high of $31.83. The company’s fifty day simple moving average is $15.42 and its 200 day simple moving average is $18.80.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders 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 annualized dividend and a dividend yield of 5.49%.

Institutional Inflows and Outflows

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

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.