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

Posted by Grant Hamersma on Jan 31st, 2025

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS – Get Free Report) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 584,500 shares, a growth of 151.0% from the December 31st total of 232,900 shares. Based on an average daily volume of 8,827,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

Institutional investors have recently bought and sold shares of the business. IMC Chicago LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth $1,598,000. RMR Capital Management LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth about $107,000. Ridgecrest Wealth Partners LLC bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at about $96,000. Finally, PayPay Securities Corp acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at approximately $66,000.

Direxion Daily TSLA Bear 1X Shares Trading Down 1.3 %

Shares of TSLS traded down $0.10 during trading hours on Friday, hitting $7.87. 16,190,781 shares of the stock traded hands, compared to its average volume of 11,285,345. The business has a fifty day moving average of $8.20 and a 200-day moving average of $13.28. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $6.82 and a 1-year high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

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

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.