Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Grows By 60.4%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 598,700 shares, a growth of 60.4% from the November 30th total of 373,300 shares. Based on an average daily volume of 6,076,500 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On 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 purchased a new stake in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,178 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily TSLA Bear 1X Shares Stock Up 5.2 %

Shares of NASDAQ TSLS traded up $0.37 during midday trading on Friday, reaching $7.54. The company’s stock had a trading volume of 9,733,027 shares, compared to its average volume of 3,002,858. Direxion Daily TSLA Bear 1X Shares has a one year low of $6.82 and a one year high of $31.83. The company has a 50 day moving average price of $10.45 and a 200 day moving average price of $15.26.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.0665 per share. The ex-dividend date of this dividend is Monday, December 23rd.

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.