Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Rises By 249.8%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 947,500 shares, a growth of 249.8% from the March 31st total of 270,900 shares. Currently, 18.7% of the company's stock are sold short. Based on an average trading volume of 12,204,200 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Stock Down 3.2 %

Shares of NASDAQ:TSLS traded down $0.31 during trading on Friday, hitting $9.09. The stock had a trading volume of 12,560,328 shares, compared to its average volume of 11,962,877. Direxion Daily TSLA Bear 1X Shares has a 12 month low of $6.82 and a 12 month high of $25.27. The firm's fifty day moving average is $11.16 and its 200 day moving average is $10.26.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.0756 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.30 dividend on an annualized basis and a yield of 3.33%.

Institutional Trading of Direxion Daily TSLA Bear 1X Shares

Hedge funds have recently modified their holdings of the business. Rossby Financial LCC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the 1st quarter worth about $28,000. Optiver Holding B.V. increased its stake in shares of Direxion Daily TSLA Bear 1X Shares by 1,399.2% during the fourth quarter. Optiver Holding B.V. now owns 7,496 shares of the company's stock valued at $60,000 after purchasing an additional 6,996 shares in the last quarter. PayPay Securities Corp bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth approximately $66,000. Sequoia Financial Advisors LLC bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth approximately $80,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily TSLA Bear 1X Shares by 33.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 40,278 shares of the company's stock worth $324,000 after buying an additional 10,140 shares during the last quarter.

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.