Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Sees Significant Decline in Short Interest

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 533,300 shares, a drop of 27.5% from the January 31st total of 735,900 shares. Based on an average daily trading volume, of 10,248,100 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Price Performance

Shares of TSLS stock traded down $0.18 during trading hours on Monday, reaching $10.44. The company had a trading volume of 4,501,053 shares, compared to its average volume of 10,938,353. Direxion Daily TSLA Bear 1X Shares has a twelve month low of $6.82 and a twelve month high of $31.83. The stock’s fifty day simple moving average is $8.38 and its 200 day simple moving average is $11.91.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

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

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

Hedge funds have recently bought and sold shares of the business. GTS Securities LLC bought a new position in Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth approximately $468,000. Jane Street Group LLC increased its position in Direxion Daily TSLA Bear 1X Shares by 1,421.6% in the 4th quarter. Jane Street Group LLC now owns 303,976 shares of the company’s stock valued at $2,447,000 after acquiring an additional 326,976 shares during the period. Optiver Holding B.V. increased its position in shares of Direxion Daily TSLA Bear 1X Shares by 1,399.2% during the 4th quarter. Optiver Holding B.V. now owns 7,496 shares of the company’s stock valued at $60,000 after purchasing an additional 6,996 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Direxion Daily TSLA Bear 1X Shares by 33.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 40,278 shares of the company’s stock valued at $324,000 after purchasing an additional 10,140 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at $563,000.

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.