Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Up 199.3% in January

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 4,696,117 shares, a growth of 199.3% from the December 31st total of 1,569,001 shares. Approximately 35.4% of the shares of the company are short sold. Based on an average daily trading volume, of 67,009,274 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 67,009,274 shares, the days-to-cover ratio is presently 0.1 days. Approximately 35.4% of the shares of the company are short sold.

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

A number of large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. raised its position in Direxion Daily TSLA Bear 1X Shares by 21.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 15,255 shares of the company’s stock worth $82,000 after buying an additional 2,714 shares during the last quarter. PayPay Securities Corp boosted its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 87.2% in the 2nd quarter. PayPay Securities Corp now owns 9,004 shares of the company’s stock valued at $71,000 after acquiring an additional 4,193 shares during the last quarter. Simplex Trading LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the second quarter worth $47,000. Ridgecrest Wealth Partners LLC raised its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 53.4% during the third quarter. Ridgecrest Wealth Partners LLC now owns 23,985 shares of the company’s stock worth $129,000 after purchasing an additional 8,350 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 133.6% during the third quarter. Private Advisor Group LLC now owns 25,000 shares of the company’s stock worth $134,000 after purchasing an additional 14,300 shares during the last quarter.

Direxion Daily TSLA Bear 1X Shares Stock Performance

Shares of TSLS stock opened at $5.27 on Thursday. The business has a fifty day moving average of $5.16 and a 200 day moving average of $5.96. Direxion Daily TSLA Bear 1X Shares has a 1 year low of $4.62 and a 1 year high of $13.88.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.0495 dividend. The ex-dividend date was Tuesday, December 23rd. This is a positive change from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 3.8%.

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.