Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Down 65.1% in January

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,641,008 shares, a decrease of 65.1% from the January 15th total of 4,696,117 shares. Based on an average daily trading volume, of 63,562,487 shares, the short-interest ratio is presently 0.0 days. Currently, 11.7% of the company’s shares are short sold. Currently, 11.7% of the company’s shares are short sold. Based on an average daily trading volume, of 63,562,487 shares, the short-interest ratio is presently 0.0 days.

Direxion Daily TSLA Bear 1X Shares Stock Down 1.8%

NASDAQ TSLS opened at $5.33 on Wednesday. The company has a fifty day moving average of $5.14 and a two-hundred day moving average of $5.80. Direxion Daily TSLA Bear 1X Shares has a 52 week low of $4.62 and a 52 week high of $13.88.

Direxion Daily TSLA Bear 1X Shares’s stock is set to reverse split on the morning of Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, March 4th.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.0495 per share. This is a positive change from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Simplex Trading LLC purchased a new position in Direxion Daily TSLA Bear 1X Shares during the 2nd quarter valued at $47,000. PayPay Securities Corp increased its stake in Direxion Daily TSLA Bear 1X Shares by 103.6% in the fourth quarter. PayPay Securities Corp now owns 15,254 shares of the company’s stock worth $77,000 after purchasing an additional 7,762 shares during the period. Optiver Holding B.V. bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the third quarter worth $81,000. SBI Securities Co. Ltd. boosted its stake in shares of Direxion Daily TSLA Bear 1X Shares by 21.6% during the third quarter. SBI Securities Co. Ltd. now owns 15,255 shares of the company’s stock valued at $82,000 after purchasing an additional 2,714 shares during the period. Finally, Journey Advisory Group LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the third quarter valued at $116,000.

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.