Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Rises By 151.0%

Posted by Jared Coughlin on Jan 31st, 2025

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS – Get Free Report) was the target of a large 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 days-to-cover ratio is currently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Stock Performance

NASDAQ TSLS traded down $0.10 during trading on Friday, reaching $7.87. The company’s stock had a trading volume of 16,190,781 shares, compared to its average volume of 11,285,345. Direxion Daily TSLA Bear 1X Shares has a 12 month low of $6.82 and a 12 month high of $31.83. The firm has a 50 day moving average price of $8.20 and a 200 day moving average price of $13.28.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.0665 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Direxion Daily TSLA Bear 1X Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PayPay Securities Corp acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth $66,000. Ridgecrest Wealth Partners LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth about $96,000. RMR Capital Management LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth about $107,000. Finally, IMC Chicago LLC acquired a new stake in Direxion Daily TSLA Bear 1X Shares during the fourth 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.