Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Down 53.3% in December

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 1,569,001 shares, a decline of 53.3% from the December 15th total of 3,356,860 shares. Based on an average daily volume of 57,790,555 shares, the short-interest ratio is presently 0.0 days. Approximately 10.6% of the company’s stock are short sold. Approximately 10.6% of the company’s stock are short sold. Based on an average daily volume of 57,790,555 shares, the short-interest ratio is presently 0.0 days.

Direxion Daily TSLA Bear 1X Shares Stock Up 1.8%

TSLS opened at $5.19 on Thursday. Direxion Daily TSLA Bear 1X Shares has a twelve month low of $4.62 and a twelve month high of $13.88. The company has a fifty day simple moving average of $5.22 and a 200 day simple moving average of $6.16.

Direxion Daily TSLA Bear 1X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.0495 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This is a positive change from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.8%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. increased its holdings in Direxion Daily TSLA Bear 1X Shares by 21.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 15,255 shares of the company’s stock worth $82,000 after purchasing an additional 2,714 shares during the last quarter. PayPay Securities Corp grew its position in shares of Direxion Daily TSLA Bear 1X Shares by 87.2% during the second quarter. PayPay Securities Corp now owns 9,004 shares of the company’s stock worth $71,000 after buying an additional 4,193 shares in the last quarter. Simplex Trading LLC bought a new stake in shares of Direxion Daily TSLA Bear 1X Shares in the second quarter worth $47,000. Ridgecrest Wealth Partners LLC increased its stake in shares of Direxion Daily TSLA Bear 1X Shares by 53.4% in the third quarter. Ridgecrest Wealth Partners LLC now owns 23,985 shares of the company’s stock worth $129,000 after buying an additional 8,350 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Direxion Daily TSLA Bear 1X Shares by 133.6% in the third quarter. Private Advisor Group LLC now owns 25,000 shares of the company’s stock valued at $134,000 after acquiring an additional 14,300 shares in 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.