Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 19,899 shares, a growth of 168.6% from the March 31st total of 7,408 shares. Approximately 6.6% of the company’s shares are sold short. Based on an average daily volume of 61,596 shares, the days-to-cover ratio is currently 0.3 days.
Direxion Daily TSM Bear 1X Shares Stock Performance
Shares of Direxion Daily TSM Bear 1X Shares stock opened at $8.74 on Friday. Direxion Daily TSM Bear 1X Shares has a 12 month low of $8.59 and a 12 month high of $24.25. The business has a 50-day moving average of $10.09 and a 200 day moving average of $11.39.
Direxion Daily TSM Bear 1X Shares Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a dividend of $0.0764 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.5%.
Institutional Trading of Direxion Daily TSM Bear 1X Shares
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.
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