Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) was the recipient of a significant decline in short interest in May. As of May 31st, there was short interest totalling 341,300 shares, a decline of 65.9% from the May 15th total of 1,000,000 shares. Based on an average daily trading volume, of 14,944,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 4.0% of the shares of the stock are short sold.
Hedge Funds Weigh In On Direxion Daily TSLA Bear 1X Shares
Large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth about $247,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth approximately $2,009,000. Jump Financial LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth approximately $563,000. Advisory Services Network LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth approximately $1,423,000. Finally, GTS Securities LLC purchased a new position in Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at approximately $468,000.
Direxion Daily TSLA Bear 1X Shares Trading Down 1.2%
TSLS stock traded down $0.09 on Monday, reaching $7.67. 18,732,506 shares of the company's stock were exchanged, compared to its average volume of 8,758,806. The stock has a fifty day moving average of $8.95 and a 200-day moving average of $9.21. Direxion Daily TSLA Bear 1X Shares has a twelve month low of $6.82 and a twelve month high of $23.77.
Direxion Daily TSLA Bear 1X Shares Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.0756 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.94%.
About Direxion Daily TSLA Bear 1X Shares
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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.
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