Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Update

Posted by Thomas Dobrow on Jul 28th, 2024

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS – Get Free Report) saw a large increase in short interest in July. As of July 15th, there was short interest totalling 431,200 shares, an increase of 94.6% from the June 30th total of 221,600 shares. Based on an average daily volume of 2,068,600 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily TSLA Bear 1X Shares Stock Performance

TSLS opened at $18.08 on Friday. The company’s 50 day moving average is $20.67 and its 200-day moving average is $23.32. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $15.08 and a 1-year high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were given a dividend of $0.1681 per share. The ex-dividend date of this dividend was Tuesday, June 25th.

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

Hedge funds have recently added to or reduced their stakes in the business. Simplex Trading LLC acquired a new stake in Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth approximately $181,000. Private Advisor Group LLC acquired a new stake in Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth approximately $202,000. Jump Financial LLC acquired a new stake in Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth approximately $303,000. Wakefield Asset Management LLLP acquired a new stake in Direxion Daily TSLA Bear 1X Shares during the 1st quarter worth approximately $628,000. Finally, IMC Chicago LLC boosted its position in Direxion Daily TSLA Bear 1X Shares by 223.5% during the 4th quarter. IMC Chicago LLC now owns 170,608 shares of the company’s stock worth $3,209,000 after buying an additional 117,867 shares during the period.

About Direxion Daily TSLA Bear 1X Shares

(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.