Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Grows By 49.1%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 373,300 shares, an increase of 49.1% from the November 15th total of 250,400 shares. Based on an average daily trading volume, of 4,424,300 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

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

Direxion Daily TSLA Bear 1X Shares Trading Down 4.4 %

NASDAQ:TSLS opened at $7.66 on Friday. Direxion Daily TSLA Bear 1X Shares has a 1 year low of $7.66 and a 1 year high of $31.83. The stock has a fifty day moving average price of $12.26 and a two-hundred day moving average price of $16.48.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a $0.1386 dividend. This represents a $0.55 annualized dividend and a dividend yield of 7.23%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.