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

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) saw a large growth in short interest during the month of 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 daily trading volume, of 4,424,300 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Trading Down 4.4 %

Shares of NASDAQ:TSLS traded down $0.35 on Friday, hitting $7.66. 9,113,688 shares of the company’s stock were exchanged, compared to its average volume of 2,632,514. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $7.66 and a 1-year high of $31.83. The firm’s 50-day moving average is $12.26 and its 200 day moving average is $16.48.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

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

Hedge Funds Weigh In On Direxion Daily TSLA Bear 1X Shares

An institutional investor recently bought a new position 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 its most recent disclosure with the SEC. The firm 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.