Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Shares Up 2.2% – Should You Buy?

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) shot up 2.2% during mid-day trading on Monday . The stock traded as high as $8.93 and last traded at $8.83. 64,081 shares were traded during trading, a decline of 25% from the average session volume of 85,760 shares. The stock had previously closed at $8.64.

Direxion Daily TSM Bear 1X Shares Price Performance

The business has a 50-day simple moving average of $9.69 and a two-hundred day simple moving average of $10.95.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a $0.0764 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, March 24th.

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. boosted its position in Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) by 25.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,086 shares of the company’s stock after purchasing an additional 5,525 shares during the period. Optiver Holding B.V. owned approximately 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

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.