Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Update

Posted by Amy Steele on Jan 14th, 2025

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

Direxion Daily TSLA Bear 1X Shares Trading Down 2.1 %

Shares of Direxion Daily TSLA Bear 1X Shares stock opened at $7.97 on Tuesday. The business’s fifty day moving average price is $8.97 and its 200 day moving average price is $14.08. Direxion Daily TSLA Bear 1X Shares has a twelve month low of $6.82 and a twelve month high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

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

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) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,178 shares of the company’s stock, valued at approximately $25,000.

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.