Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Update

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 406,400 shares, a decline of 23.8% from the February 13th total of 533,300 shares. Based on an average trading volume of 11,313,800 shares, the days-to-cover ratio is presently 0.0 days. Currently, 6.0% of the company’s stock are sold short.

Direxion Daily TSLA Bear 1X Shares Trading Up 5.2 %

TSLS traded up $0.66 on Tuesday, reaching $13.27. The company’s stock had a trading volume of 4,556,019 shares, compared to its average volume of 5,119,899. Direxion Daily TSLA Bear 1X Shares has a 1 year low of $6.82 and a 1 year high of $31.83. The business’s 50 day moving average is $9.35 and its 200 day moving average is $11.44.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.0665 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

A number of hedge funds have recently made changes to their positions in TSLS. GTS Securities LLC acquired a new stake in Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at $468,000. Jane Street Group LLC increased its position in shares of Direxion Daily TSLA Bear 1X Shares by 1,421.6% in the 4th quarter. Jane Street Group LLC now owns 303,976 shares of the company’s stock worth $2,447,000 after purchasing an additional 326,976 shares during the last quarter. Optiver Holding B.V. raised its stake in shares of Direxion Daily TSLA Bear 1X Shares by 1,399.2% in the 4th quarter. Optiver Holding B.V. now owns 7,496 shares of the company’s stock valued at $60,000 after purchasing an additional 6,996 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Direxion Daily TSLA Bear 1X Shares by 33.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 40,278 shares of the company’s stock worth $324,000 after purchasing an additional 10,140 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth about $563,000.

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.