Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 1,000,000 shares, a growth of 159.1% from the April 30th total of 386,000 shares. Currently, 11.9% of the company's stock are sold short. Based on an average daily trading volume, of 12,948,800 shares, the days-to-cover ratio is presently 0.1 days.
Direxion Daily TSLA Bear 1X Shares Stock Performance
Shares of Direxion Daily TSLA Bear 1X Shares stock traded down $0.03 during trading on Tuesday, hitting $7.53. 16,356,932 shares of the stock traded hands, compared to its average volume of 7,652,805. Direxion Daily TSLA Bear 1X Shares has a 52-week low of $6.82 and a 52-week high of $25.14. The stock's fifty day simple moving average is $9.48 and its 200 day simple moving average is $9.32.
Direxion Daily TSLA Bear 1X Shares Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.0756 per share. This represents a $0.30 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Tuesday, March 25th.
Institutional Investors Weigh In On Direxion Daily TSLA Bear 1X Shares
Several large investors have recently modified their holdings of TSLS. SBI Securities Co. Ltd. purchased a new position in Direxion Daily TSLA Bear 1X Shares during the fourth quarter valued at approximately $247,000. Virtu Financial LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares during the 4th quarter valued at $2,009,000. Jump Financial LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at $563,000. Advisory Services Network LLC purchased a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at $1,423,000. Finally, GTS Securities LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth $468,000.
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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