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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 3,356,860 shares, an increase of 119.0% from the November 30th total of 1,532,666 shares. Based on an average trading volume of 63,962,436 shares, the short-interest ratio is currently 0.1 days. Approximately 22.0% of the company’s stock are sold short. Approximately 22.0% of the company’s stock are sold short. Based on an average trading volume of 63,962,436 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TSLS. Simplex Trading LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the second quarter worth $47,000. PayPay Securities Corp raised its position in shares of Direxion Daily TSLA Bear 1X Shares by 87.2% in the 2nd quarter. PayPay Securities Corp now owns 9,004 shares of the company’s stock worth $71,000 after purchasing an additional 4,193 shares during the last quarter. Optiver Holding B.V. bought a new position in Direxion Daily TSLA Bear 1X Shares in the 3rd quarter worth about $81,000. SBI Securities Co. Ltd. boosted its stake in Direxion Daily TSLA Bear 1X Shares by 21.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 15,255 shares of the company’s stock worth $82,000 after purchasing an additional 2,714 shares in the last quarter. Finally, Journey Advisory Group LLC purchased a new stake in Direxion Daily TSLA Bear 1X Shares during the 3rd quarter valued at about $116,000.

Direxion Daily TSLA Bear 1X Shares Stock Performance

Shares of TSLS opened at $4.80 on Friday. Direxion Daily TSLA Bear 1X Shares has a fifty-two week low of $4.62 and a fifty-two week high of $13.88. The firm’s 50-day simple moving average is $5.25 and its two-hundred day simple moving average is $6.39.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd will be paid a $0.0495 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, December 23rd. This is an increase from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.04.

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.