Direxion Daily TSM Bear 1X ETF (NASDAQ:TSMZ) Announces Quarterly Dividend of $0.07

Direxion Daily TSM Bear 1X ETF (NASDAQ:TSMZ) declared a quarterly dividend on Monday, September 21st. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.0711 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 22nd. This is a 18.4% increase from Direxion Daily TSM Bear 1X ETF’s previous quarterly dividend of $0.06.

Direxion Daily TSM Bear 1X ETF Stock Down 2.6%

NASDAQ TSMZ traded down $0.19 during midday trading on Tuesday, hitting $7.23. 55,419 shares of the company traded hands, compared to its average volume of 88,871. Direxion Daily TSM Bear 1X ETF has a 52 week low of $7.05 and a 52 week high of $13.98. The company’s 50-day simple moving average is $7.95 and its 200-day simple moving average is $8.63.

About Direxion Daily TSM Bear 1X ETF

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.