Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Declines By 68.4%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 270,900 shares, a decrease of 68.4% from the March 15th total of 857,300 shares. Approximately 5.2% of the shares of the company are sold short. Based on an average daily volume of 12,502,400 shares, the short-interest ratio is currently 0.0 days.

Direxion Daily TSLA Bear 1X Shares Stock Performance

Shares of NASDAQ TSLS opened at $10.57 on Wednesday. Direxion Daily TSLA Bear 1X Shares has a 12-month low of $6.82 and a 12-month high of $31.83. The firm has a 50 day moving average of $10.87 and a 200 day moving average of $10.66.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.0756 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Tuesday, March 25th.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GTS Securities LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares during the fourth quarter valued at about $468,000. Jane Street Group LLC increased its stake in Direxion Daily TSLA Bear 1X Shares by 1,421.6% in the 4th quarter. Jane Street Group LLC now owns 303,976 shares of the company’s stock worth $2,447,000 after buying an additional 326,976 shares in the last quarter. Optiver Holding B.V. raised its holdings in Direxion Daily TSLA Bear 1X Shares by 1,399.2% during the fourth quarter. Optiver Holding B.V. now owns 7,496 shares of the company’s stock valued at $60,000 after acquiring an additional 6,996 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Direxion Daily TSLA Bear 1X Shares by 33.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 40,278 shares of the company’s stock valued at $324,000 after acquiring an additional 10,140 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth about $563,000.

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.