Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Decreases By 51.5%

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

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

Several hedge funds have recently bought and sold shares of TSLS. PayPay Securities Corp boosted its stake in shares of Direxion Daily TSLA Bear 1X Shares by 103.6% during the 4th quarter. PayPay Securities Corp now owns 15,254 shares of the company’s stock worth $77,000 after buying an additional 7,762 shares during the last quarter. SHP Wealth Management bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth approximately $87,000. XTX Topco Ltd bought a new position in Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth $129,000. Private Advisor Group LLC boosted its holdings in Direxion Daily TSLA Bear 1X Shares by 133.6% in the 3rd 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 period. Finally, Ridgecrest Wealth Partners LLC increased its stake in Direxion Daily TSLA Bear 1X Shares by 64.6% during the 4th quarter. Ridgecrest Wealth Partners LLC now owns 39,485 shares of the company’s stock worth $200,000 after acquiring an additional 15,500 shares during the period.

Direxion Daily TSLA Bear 1X Shares Stock Performance

NASDAQ:TSLS opened at $68.25 on Tuesday. Direxion Daily TSLA Bear 1X Shares has a 12 month low of $46.20 and a 12 month high of $82.01. The company’s 50-day moving average price is $54.51 and its two-hundred day moving average price is $55.49.

Direxion Daily TSLA Bear 1X Shares Announces Dividend

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