Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Sees Significant Drop in Short Interest

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZGet Free Report) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 10,950 shares, a decrease of 26.4% from the January 15th total of 14,885 shares. Approximately 4.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 58,873 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 58,873 shares, the short-interest ratio is presently 0.2 days. Approximately 4.4% of the shares of the stock are sold short.

Institutional Trading of Direxion Daily TSM Bear 1X Shares

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

Direxion Daily TSM Bear 1X Shares Price Performance

NASDAQ TSMZ opened at $9.94 on Friday. Direxion Daily TSM Bear 1X Shares has a twelve month low of $9.59 and a twelve month high of $29.60. The business’s fifty day moving average is $11.49 and its 200 day moving average is $13.19.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.1092 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Tuesday, December 23rd.

About Direxion Daily TSM Bear 1X Shares

(Get Free Report)

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.

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