Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Down 23.6% in November

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 250,400 shares, a decline of 23.6% from the October 31st total of 327,800 shares. Based on an average trading volume of 3,702,300 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Trading Up 1.6 %

TSLS stock opened at $10.15 on Friday. The company has a fifty day moving average price of $13.62 and a 200 day moving average price of $17.63. Direxion Daily TSLA Bear 1X Shares has a 12 month low of $9.34 and a 12 month high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a $0.1386 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.46%.

Institutional Investors Weigh In On Direxion Daily TSLA Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily TSLA Bear 1X Shares stock. Headlands Technologies LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,178 shares of the company’s stock, valued at approximately $25,000.

About Direxion Daily TSLA Bear 1X Shares

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.