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

Posted by Tech Dows on Jan 28th, 2025

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS – Get Free Report) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 232,900 shares, a decline of 61.1% from the December 31st total of 598,700 shares. Based on an average daily trading volume, of 7,507,500 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily TSLA Bear 1X Shares Stock Performance

TSLS traded up $0.08 during trading on Tuesday, hitting $8.11. The stock had a trading volume of 3,907,662 shares, compared to its average volume of 10,531,991. The company’s 50-day moving average price is $8.34 and its 200 day moving average price is $13.48. Direxion Daily TSLA Bear 1X Shares has a twelve month low of $6.82 and a twelve month high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

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

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

Several institutional investors have recently made changes to their positions in TSLS. Ridgecrest Wealth Partners LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth about $96,000. RMR Capital Management LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth about $107,000. Finally, IMC Chicago LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth about $1,598,000.

Direxion Daily TSLA Bear 1X Shares Company Profile

(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.