Short Interest in Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Rises By 188.9%

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 35,344 shares, a growth of 188.9% from the May 31st total of 12,234 shares. Based on an average daily trading volume, of 76,168 shares, the days-to-cover ratio is presently 0.5 days. Approximately 11.8% of the shares of the company are short sold.

Direxion Daily TSM Bear 1X Shares Stock Down 2.3%

Shares of NASDAQ TSMZ opened at $7.66 on Monday. The firm’s 50 day simple moving average is $8.45 and its 200-day simple moving average is $10.03. Direxion Daily TSM Bear 1X Shares has a 12 month low of $7.23 and a 12 month high of $17.35.

Direxion Daily TSM Bear 1X Shares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.0601 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 23rd.

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.