Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Drops By 61.1%

Posted by Brian Wu on Jan 29th, 2025

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS – Get Free Report) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 232,900 shares, a decline of 61.1% from the December 31st total of 598,700 shares. Based on an average daily volume of 7,507,500 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Direxion Daily TSLA Bear 1X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ridgecrest Wealth Partners LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at approximately $96,000. RMR Capital Management LLC acquired a new stake in Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth $107,000. Finally, IMC Chicago LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth $1,598,000.

Direxion Daily TSLA Bear 1X Shares Price Performance

Shares of Direxion Daily TSLA Bear 1X Shares stock traded up $0.20 on Wednesday, hitting $8.22. The company’s stock had a trading volume of 9,570,134 shares, compared to its average volume of 10,756,282. Direxion Daily TSLA Bear 1X Shares has a 1 year low of $6.82 and a 1 year high of $31.83. The firm has a fifty day moving average price of $8.27 and a 200-day moving average price of $13.36.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.0665 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Direxion Daily TSLA Bear 1X Shares Company Profile

(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.