Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Sees a 16.5% Decrease

Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Sees a 16.5% Decrease


Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLSGet Free Report) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 143,000 shares, a drop of 16.5% from the February 29th total of 171,300 shares. Based on an average daily volume of 1,242,500 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Stock Performance

TSLS stock opened at $25.47 on Friday. The company has a fifty day moving average of $24.57 and a 200-day moving average of $21.64. Direxion Daily TSLA Bear 1X Shares has a one year low of $17.11 and a one year high of $34.92.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were given a $0.2399 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.96 dividend on an annualized basis and a yield of 3.77%. This is an increase from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.19.

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

A number of institutional investors have recently added to or reduced their stakes in the business. IMC Chicago LLC boosted its position in shares of Direxion Daily TSLA Bear 1X Shares by 120.2% during the 3rd quarter. IMC Chicago LLC now owns 52,741 shares of the company’s stock worth $1,027,000 after purchasing an additional 28,789 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth about $2,730,000. Susquehanna International Group LLP grew its position in Direxion Daily TSLA Bear 1X Shares by 241.7% during the first quarter. Susquehanna International Group LLP now owns 60,134 shares of the company’s stock worth $1,567,000 after buying an additional 42,536 shares during the period. Jane Street Group LLC purchased a new position in Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at about $646,000. Finally, JPMorgan Chase & Co. increased its holdings in Direxion Daily TSLA Bear 1X Shares by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 22,353 shares of the company’s stock valued at $439,000 after buying an additional 1,353 shares in the last quarter.

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.

Further Reading



Receive News & Ratings for Direxion Daily TSLA Bear 1X Shares Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Direxion Daily TSLA Bear 1X Shares and related companies with MarketBeat.com’s FREE daily email newsletter.

Source Reference

Latest stories