Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Short Interest Down 24.4% in December

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 13,058 shares, a decline of 24.4% from the December 15th total of 17,273 shares. Currently, 6.5% of the shares of the company are sold short. Based on an average daily volume of 37,617 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 37,617 shares, the short-interest ratio is currently 0.3 days. Currently, 6.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily TSM Bear 1X Shares stock. Optiver Holding B.V. lifted its position in shares of Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) by 25.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,086 shares of the company’s stock after purchasing an additional 5,525 shares during the quarter. Optiver Holding B.V. owned 9.67% of Direxion Daily TSM Bear 1X Shares worth $367,000 as of its most recent SEC filing.

Direxion Daily TSM Bear 1X Shares Price Performance

Shares of TSMZ opened at $10.72 on Tuesday. The business’s 50-day moving average is $12.37 and its two-hundred day moving average is $13.92. Direxion Daily TSM Bear 1X Shares has a fifty-two week low of $10.40 and a fifty-two week high of $29.60.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.1092 per share. This represents a $0.44 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, December 23rd.

About Direxion Daily TSM Bear 1X Shares

The Direxion Daily TSM Bear 1X Shares (TSMZ) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Taiwan Semiconductor Manufacturing (TSM) stock. TSMZ was launched on Oct 3, 2024 and is issued by Direxion.