Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Sees Significant Drop in Short Interest

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 26,071 shares, a decline of 51.5% from the June 30th total of 53,768 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily trading volume, of 501,961 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TSLS. PayPay Securities Corp boosted its position in shares of Direxion Daily TSLA Bear 1X Shares by 103.6% during the fourth quarter. PayPay Securities Corp now owns 15,254 shares of the company’s stock valued at $77,000 after buying an additional 7,762 shares during the last quarter. SHP Wealth Management bought a new position in Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at about $87,000. XTX Topco Ltd bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth approximately $129,000. 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 valued at $134,000 after purchasing an additional 14,300 shares during the last quarter. Finally, Ridgecrest Wealth Partners LLC lifted its position in Direxion Daily TSLA Bear 1X Shares by 64.6% during the fourth quarter. Ridgecrest Wealth Partners LLC now owns 39,485 shares of the company’s stock valued at $200,000 after purchasing an additional 15,500 shares during the period.

Direxion Daily TSLA Bear 1X Shares Trading Up 2.8%

Shares of NASDAQ:TSLS traded up $1.91 during trading on Wednesday, reaching $69.65. 268,687 shares of the stock traded hands, compared to its average volume of 2,527,612. The stock has a 50-day moving average of $54.77 and a two-hundred day moving average of $55.60. Direxion Daily TSLA Bear 1X Shares has a 52-week low of $46.20 and a 52-week high of $82.01.

Direxion Daily TSLA Bear 1X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.3419 per share. This represents a $1.37 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, June 23rd.

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.