Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Up 195.8% in May

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLSGet Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 359,100 shares, a growth of 195.8% from the April 30th total of 121,400 shares. Based on an average daily volume of 1,429,000 shares, the short-interest ratio is currently 0.3 days.

Direxion Daily TSLA Bear 1X Shares Trading Up 1.4 %

Direxion Daily TSLA Bear 1X Shares stock opened at $23.81 on Wednesday. Direxion Daily TSLA Bear 1X Shares has a 12-month low of $17.11 and a 12-month high of $31.83. The business’s 50-day moving average price is $25.44 and its two-hundred day moving average price is $23.12.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.2399 per share. This is a boost from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.19. This represents a $0.96 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Tuesday, March 19th.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC lifted its stake in shares of Direxion Daily TSLA Bear 1X Shares by 728.1% in the fourth quarter. Virtu Financial LLC now owns 188,816 shares of the company’s stock worth $3,552,000 after acquiring an additional 166,015 shares during the period. IMC Chicago LLC lifted its stake in shares of Direxion Daily TSLA Bear 1X Shares by 223.5% in the fourth quarter. IMC Chicago LLC now owns 170,608 shares of the company’s stock worth $3,209,000 after acquiring an additional 117,867 shares during the period. Wakefield Asset Management LLLP acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares in the first quarter worth approximately $628,000. Jump Financial LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth approximately $303,000. Finally, Private Advisor Group LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth approximately $202,000.

Direxion Daily TSLA Bear 1X Shares Company Profile

(Get Free Report)

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.

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