Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Expands By 94.6%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 431,200 shares, a growth of 94.6% from the June 30th total of 221,600 shares. Based on an average daily volume of 2,068,600 shares, the short-interest ratio is currently 0.2 days.

Direxion Daily TSLA Bear 1X Shares Stock Down 0.6 %

Shares of TSLS traded down $0.11 during mid-day trading on Friday, hitting $17.94. 2,169,647 shares of the company traded hands, compared to its average volume of 1,676,236. The stock has a 50-day moving average price of $20.78 and a two-hundred day moving average price of $23.30. Direxion Daily TSLA Bear 1X Shares has a 1 year low of $15.08 and a 1 year high of $31.83.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th were issued a dividend of $0.1681 per share. The ex-dividend date was Tuesday, June 25th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TSLS. Simplex Trading LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth $181,000. Private Advisor Group LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter worth about $202,000. Jump Financial LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at about $303,000. Wakefield Asset Management LLLP purchased a new position in Direxion Daily TSLA Bear 1X Shares during the first quarter valued at approximately $628,000. Finally, IMC Chicago LLC boosted its position in shares of Direxion Daily TSLA Bear 1X Shares by 223.5% in the fourth quarter. IMC Chicago LLC now owns 170,608 shares of the company’s stock worth $3,209,000 after purchasing an additional 117,867 shares during the period.

Direxion Daily TSLA Bear 1X Shares Company Profile

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.