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 April. As of April 15th, there was short interest totalling 167,900 shares, a decline of 52.6% from the March 31st total of 354,500 shares. Based on an average daily volume of 1,408,300 shares, the days-to-cover ratio is presently 0.1 days.
Direxion Daily TSLA Bear 1X Shares Price Performance
Shares of TSLS traded up $0.31 on Friday, hitting $25.89. The company’s stock had a trading volume of 1,524,155 shares, compared to its average volume of 1,351,666. The firm’s fifty 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 fifty-two week low of $17.11 and a fifty-two week high of $34.92.
Direxion Daily TSLA Bear 1X Shares Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were given a $0.2399 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This is a positive change from Direxion Daily TSLA Bear 1X Shares’s previous quarterly dividend of $0.19. This represents a $0.96 annualized dividend and a dividend yield of 3.71%.
Hedge Funds Weigh In On Direxion Daily TSLA Bear 1X Shares
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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