Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Short Interest Update

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 7,408 shares, a decrease of 70.1% from the March 15th total of 24,817 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average daily volume of 108,426 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Direxion Daily TSM Bear 1X Shares stock. Optiver Holding B.V. boosted its holdings in Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) by 25.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,086 shares of the company’s stock after acquiring an additional 5,525 shares during the period. Optiver Holding B.V. owned 9.67% of Direxion Daily TSM Bear 1X Shares worth $367,000 at the end of the most recent reporting period.

Direxion Daily TSM Bear 1X Shares Stock Performance

TSMZ stock opened at $9.53 on Friday. Direxion Daily TSM Bear 1X Shares has a 1 year low of $9.31 and a 1 year high of $26.87. The business has a 50 day simple moving average of $10.30 and a 200-day simple moving average of $11.67.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.0764 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.31 dividend on an annualized basis and a yield of 3.2%.

Direxion Daily TSM Bear 1X Shares Company Profile

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.