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

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZGet 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

An institutional investor recently raised its position in Direxion Daily TSM Bear 1X Shares stock. Optiver Holding B.V. lifted its stake in shares of Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZFree Report) by 25.6% during the third quarter, according to the company in its most recent disclosure 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 period. Optiver Holding B.V. owned 9.67% of Direxion Daily TSM Bear 1X Shares worth $367,000 as of its most recent SEC filing.

Direxion Daily TSM Bear 1X Shares Company Profile

(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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