Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Expands By 60.4%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 598,700 shares, a growth of 60.4% from the November 30th total of 373,300 shares. Based on an average daily volume of 6,076,500 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Trading Up 5.2 %

NASDAQ:TSLS traded up $0.37 during mid-day trading on Friday, reaching $7.54. 9,733,027 shares of the stock were exchanged, compared to its average volume of 3,002,858. Direxion Daily TSLA Bear 1X Shares has a 1 year low of $6.82 and a 1 year high of $31.83. The company has a 50 day simple moving average of $10.45 and a 200-day simple moving average of $15.33.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a $0.0665 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily TSLA Bear 1X Shares stock. Headlands Technologies LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,178 shares of the company’s stock, valued at approximately $25,000.

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.