Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Down 23.8% in February

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 406,400 shares, a decline of 23.8% from the February 13th total of 533,300 shares. Based on an average daily volume of 11,313,800 shares, the days-to-cover ratio is currently 0.0 days. Approximately 6.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. GTS Securities LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at approximately $468,000. Jane Street Group LLC boosted its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 1,421.6% in the fourth quarter. Jane Street Group LLC now owns 303,976 shares of the company’s stock valued at $2,447,000 after buying an additional 326,976 shares during the period. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 1,399.2% in the fourth quarter. Optiver Holding B.V. now owns 7,496 shares of the company’s stock valued at $60,000 after buying an additional 6,996 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 33.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 40,278 shares of the company’s stock valued at $324,000 after buying 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 in the fourth quarter valued at approximately $563,000.

Direxion Daily TSLA Bear 1X Shares Stock Performance

Shares of NASDAQ TSLS opened at $13.27 on Wednesday. The firm has a 50 day moving average price of $9.45 and a 200 day moving average price of $11.41. Direxion Daily TSLA Bear 1X Shares has a 52-week low of $6.82 and a 52-week 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. Investors of record on Monday, December 23rd were issued a dividend of $0.0665 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.