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

Direxion Daily TSLA Bear 1X ETF (NASDAQ:TSLS) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 50,862 shares, a growth of 66.1% from the August 15th total of 30,619 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average trading volume of 261,215 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. IMC Chicago LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X ETF during the 2nd quarter worth $3,052,000. SHP Wealth Management purchased a new position in shares of Direxion Daily TSLA Bear 1X ETF during the 4th quarter worth approximately $87,000. Finally, GTS Securities LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X ETF during the second quarter worth $576,000.

Direxion Daily TSLA Bear 1X ETF Stock Down 0.4%

Shares of NASDAQ TSLS opened at $57.10 on Thursday. Direxion Daily TSLA Bear 1X ETF has a 12-month low of $46.20 and a 12-month high of $69.83. The company has a 50-day moving average of $59.56 and a 200 day moving average of $57.33.

About Direxion Daily TSLA Bear 1X ETF

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.