Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Trading Down 1.8% – Time to Sell?

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ)’s share price traded down 1.8% during mid-day trading on Monday . The company traded as low as $10.14 and last traded at $10.25. 66,045 shares were traded during mid-day trading, a decline of 12% from the average session volume of 74,879 shares. The stock had previously closed at $10.44.

Direxion Daily TSM Bear 1X Shares Stock Performance

The business has a 50-day simple moving average of $11.71 and a two-hundred day simple moving average of $13.34.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a $0.1092 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Investors Weigh In On Direxion Daily TSM Bear 1X Shares

An institutional investor recently raised its position in Direxion Daily TSM Bear 1X Shares stock. Optiver Holding B.V. grew its holdings in shares of Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) by 25.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,086 shares of the company’s stock after buying 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 at the end of the most recent reporting period.

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.