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

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

Institutional Investors Weigh In On 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 acquired a new stake in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,178 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily TSLA Bear 1X Shares Stock Down 0.9 %

Direxion Daily TSLA Bear 1X Shares stock traded down $0.07 during trading on Friday, reaching $7.94. 687,275 shares of the company’s stock were exchanged, compared to its average volume of 2,597,129. The company’s 50-day moving average is $12.41 and its two-hundred day moving average is $16.59. Direxion Daily TSLA Bear 1X Shares has a 52-week low of $7.80 and a 52-week high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a $0.1386 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.98%.

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.