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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 327,800 shares, an increase of 198.0% from the October 15th total of 110,000 shares. Based on an average daily volume of 2,773,000 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds 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 acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,178 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily TSLA Bear 1X Shares Price Performance

Shares of TSLS stock traded up $0.25 during trading hours on Tuesday, reaching $10.02. 2,961,655 shares of the stock were exchanged, compared to its average volume of 2,072,907. Direxion Daily TSLA Bear 1X Shares has a 12-month low of $9.48 and a 12-month high of $31.83. The company’s 50-day moving average price is $15.42 and its 200-day moving average price is $18.80.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a dividend of $0.1386 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.53%.

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.