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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 994,932 shares, a decline of 39.4% from the January 29th total of 1,641,008 shares. Based on an average daily volume of 68,427,331 shares, the days-to-cover ratio is presently 0.0 days. Approximately 7.1% of the shares of the company are short sold. Approximately 7.1% of the shares of the company are short sold. Based on an average daily volume of 68,427,331 shares, the days-to-cover ratio is presently 0.0 days.

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

A number of hedge funds have recently made changes to their positions in TSLS. Simplex Trading LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares during the second quarter worth approximately $47,000. SBI Securities Co. Ltd. raised its stake in Direxion Daily TSLA Bear 1X Shares by 1,020.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 12,541 shares of the company’s stock valued at $98,000 after acquiring an additional 11,422 shares in the last quarter. Optiver Holding B.V. acquired a new position in Direxion Daily TSLA Bear 1X Shares during the 3rd quarter worth $81,000. PayPay Securities Corp grew its stake in shares of 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 in the last quarter. Finally, Journey Advisory Group LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the third quarter worth $116,000.

Direxion Daily TSLA Bear 1X Shares Stock Up 1.6%

Shares of NASDAQ TSLS opened at $5.64 on Friday. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $4.62 and a 1-year high of $13.88. The business’s fifty day moving average price is $5.26 and its two-hundred day moving average price is $5.63.

Direxion Daily TSLA Bear 1X Shares’s stock is going 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 company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.0495 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, December 23rd. This is a positive change from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.04.

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.