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

Posted by Doug Madison on Nov 30th, 2024

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS – Get Free Report) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 250,400 shares, a decrease of 23.6% from the October 31st total of 327,800 shares. Based on an average daily trading volume, of 3,702,300 shares, the days-to-cover ratio is presently 0.1 days.

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 purchased a new stake in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,178 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily TSLA Bear 1X Shares Stock Down 3.5 %

NASDAQ TSLS traded down $0.36 during trading hours on Friday, reaching $9.79. 2,613,025 shares of the company’s stock were exchanged, compared to its average volume of 2,362,082. The firm has a fifty day moving average of $13.50 and a 200-day moving average of $17.53. Direxion Daily TSLA Bear 1X Shares has a one year low of $9.34 and a one year high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a dividend of $0.1386 per share. This represents a $0.55 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.