Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) was the recipient of a large growth in short interest in 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. Approximately 18.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,204,200 shares, the days-to-cover ratio is presently 0.1 days.
Direxion Daily TSLA Bear 1X Shares Price Performance
NASDAQ:TSLS traded up $0.30 during trading hours on Wednesday, hitting $9.33. 11,830,597 shares of the stock were exchanged, compared to its average volume of 6,484,982. The firm's fifty day moving average price is $11.16 and its 200 day moving average price is $10.32. Direxion Daily TSLA Bear 1X Shares has a 52-week low of $6.82 and a 52-week high of $25.27.
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 was Tuesday, March 25th. This represents a $0.30 dividend on an annualized basis and a yield of 3.24%.
Institutional Investors Weigh In On Direxion Daily TSLA Bear 1X Shares
A number of hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth about $247,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at approximately $2,009,000. Advisory Services Network LLC acquired a new position in Direxion Daily TSLA Bear 1X Shares during the fourth quarter worth $1,423,000. Jump Financial LLC purchased a new stake in Direxion Daily TSLA Bear 1X Shares in the 4th quarter valued at $563,000. Finally, IMC Chicago LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the 4th quarter worth $1,598,000.
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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