Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Short Interest Update

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS - Get Free Report) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 994,932 shares, a decline of 39.4% from the January 29th total of 1,641,008 shares. Based on an average daily volume of 68,427,331 shares, the days-to-cover ratio is presently 0.0 days. Approximately 7.1% of the shares of the company are short sold. Approximately 7.1% of the shares of the company are short sold. Based on an average daily volume of 68,427,331 shares, the days-to-cover ratio is presently 0.0 days.Institutional Investors Weigh In On Direxion Daily TSLA Bear 1X SharesA number of hedge funds have recently made changes to their positions in TSLS. Simplex Trading LLC acquired a new position in shares of Direxion Daily TSLA Bear 1X Shares during the second quarter worth approximately $47,000. SBI Securities Co. Ltd. raised its stake in Direxion Daily TSLA Bear 1X Shares by 1,020.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 12,541 shares of the company's stock valued at $98,000 after acquiring an additional 11,422 shares in the last quarter. Optiver Holding B.V. acquired a new position in Direxion Daily TSLA Bear 1X Shares during the 3rd quarter worth $81,000. PayPay Securities Corp grew its stake in shares of Direxion Daily TSLA Bear 1X Shares by 103.6% in the fourth quarter. PayPay Securities Corp now owns 15,254 shares of the company's stock worth $77,000 after purchasing an additional 7,762 shares in the last quarter. Finally, Journey Advisory Group LLC bought a new position in shares of Direxion Daily TSLA Bear 1X Shares in the third quarter worth $116,000. Direxion Daily TSLA Bear 1X Shares Stock Up 1.6%Shares of NASDAQ TSLS opened at $5.64 on Friday. Direxion Daily TSLA Bear 1X Shares has a 1-year low of $4.62 and a 1-year high of $13.88. The business's fifty day moving average price is $5.26 and its two-hundred day moving average price is $5.63. Direxion Daily TSLA Bear 1X Shares's stock is going to reverse split on the morning of Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, March 4th.Direxion Daily TSLA Bear 1X Shares Increases DividendThe company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.0495 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.5%. 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. Direxion Daily TSLA Bear 1X Shares Company Profile (Get Free Report)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. Featured ArticlesFive stocks we like better than Direxion Daily TSLA Bear 1X Shares“Fed Proof” Your Bank Account with THESE 4 Simple StepsThe Biggest IPO Ever… Open to Everyday FolksSilver records prices are great. Monthly income is betterRead this or regret it foreverSell this, buy thatThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Direxion Daily TSLA Bear 1X Shares Right Now?Before you consider Direxion Daily TSLA Bear 1X Shares, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Direxion Daily TSLA Bear 1X Shares wasn't on the list.While Direxion Daily TSLA Bear 1X Shares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here