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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 857,300 shares, a growth of 110.9% from the February 28th total of 406,400 shares. Based on an average daily volume of 11,547,900 shares, the short-interest ratio is currently 0.1 days. Currently, 12.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSLS. Jane Street Group LLC lifted its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 1,421.6% during the 4th quarter. Jane Street Group LLC now owns 303,976 shares of the company’s stock valued at $2,447,000 after purchasing an additional 326,976 shares in the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth approximately $2,009,000. IMC Chicago LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at approximately $1,598,000. Advisory Services Network LLC bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth $1,423,000. Finally, Jump Financial LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth $563,000.

Direxion Daily TSLA Bear 1X Shares Trading Down 0.4 %

TSLS opened at $10.62 on Friday. The firm’s fifty day moving average is $9.92 and its two-hundred day moving average is $11.18. Direxion Daily TSLA Bear 1X Shares has a twelve month low of $6.82 and a twelve month high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a dividend of $0.0756 per share. The ex-dividend date is Tuesday, March 25th. This represents a $0.30 annualized dividend and a yield of 2.85%.

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.