Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Up 402.9% in May

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 158,776 shares, an increase of 402.9% from the April 30th total of 31,571 shares. Currently, 12.1% of the company’s shares are short sold. Based on an average daily volume of 689,686 shares, the short-interest ratio is currently 0.2 days.

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

Several large investors have recently modified their holdings of the business. SHP Wealth Management bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at about $87,000. XTX Topco Ltd purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the fourth quarter valued at about $129,000. Headlands Technologies LLC lifted its position in shares of Direxion Daily TSLA Bear 1X Shares by 1,229.8% during the fourth quarter. Headlands Technologies LLC now owns 481,884 shares of the company’s stock valued at $2,443,000 after buying an additional 445,646 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the fourth quarter valued at about $2,156,000. Finally, PayPay Securities Corp lifted its position in shares of Direxion Daily TSLA Bear 1X Shares by 103.6% during the fourth quarter. PayPay Securities Corp now owns 15,254 shares of the company’s stock valued at $77,000 after buying an additional 7,762 shares during the last quarter.

Direxion Daily TSLA Bear 1X Shares Stock Up 1.6%

Direxion Daily TSLA Bear 1X Shares stock traded up $0.78 during midday trading on Friday, hitting $50.65. 348,253 shares of the company’s stock were exchanged, compared to its average volume of 3,313,218. Direxion Daily TSLA Bear 1X Shares has a 12 month low of $46.20 and a 12 month high of $91.80. The firm has a 50-day moving average of $57.28 and a two-hundred day moving average of $54.63.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.338 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $1.35 annualized dividend and a dividend yield of 2.7%.

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.