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 recipient of a large decline in short interest in 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 daily volume of 3,702,300 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Trading Down 3.5 %

TSLS opened at $9.79 on Friday. The firm has a fifty day moving average price of $13.50 and a 200 day moving average price of $17.48. Direxion Daily TSLA Bear 1X Shares has a 1 year low of $9.34 and a 1 year high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given 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 5.66%.

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) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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.