Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Declines By 52.6%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 167,900 shares, a drop of 52.6% from the March 31st total of 354,500 shares. Based on an average trading volume of 1,408,300 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily TSLA Bear 1X Shares Stock Performance

TSLS traded up $0.31 during midday trading on Friday, reaching $25.89. 1,508,392 shares of the company's stock were exchanged, compared to its average volume of 1,351,666. The business's 50-day moving average price is $25.84 and its 200 day moving average price is $22.76. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $17.11 and a 1-year high of $34.92.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were paid a $0.2399 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.96 dividend on an annualized basis and a yield of 3.71%. This is a positive change from Direxion Daily TSLA Bear 1X Shares's previous quarterly dividend of $0.19.

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

Hedge funds have recently bought and sold shares of the stock. Simplex Trading LLC purchased a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the fourth quarter valued at $181,000. Private Advisor Group LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth about $202,000. Jump Financial LLC acquired a new stake in shares of Direxion Daily TSLA Bear 1X Shares during the 4th quarter worth about $303,000. IMC Chicago LLC grew its holdings in shares of Direxion Daily TSLA Bear 1X Shares by 223.5% during the fourth quarter. IMC Chicago LLC now owns 170,608 shares of the company's stock worth $3,209,000 after buying an additional 117,867 shares in the last quarter. Finally, Virtu Financial LLC raised its position in shares of Direxion Daily TSLA Bear 1X Shares by 728.1% in the fourth quarter. Virtu Financial LLC now owns 188,816 shares of the company's stock valued at $3,552,000 after buying an additional 166,015 shares during the last quarter.

Direxion Daily TSLA Bear 1X Shares Company Profile

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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