Short Interest in Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Declines By 39.5%

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 21,386 shares, a drop of 39.5% from the June 15th total of 35,344 shares. Currently, 6.1% of the shares of the company are sold short. Based on an average trading volume of 105,868 shares, the short-interest ratio is currently 0.2 days.

Direxion Daily TSM Bear 1X Shares Stock Up 2.7%

Shares of TSMZ stock traded up $0.22 during mid-day trading on Friday, reaching $8.42. The stock had a trading volume of 338,467 shares, compared to its average volume of 90,309. The business’s fifty day moving average is $8.07 and its 200-day moving average is $9.54. Direxion Daily TSM Bear 1X Shares has a 1-year low of $7.05 and a 1-year high of $17.13.

Direxion Daily TSM Bear 1X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.0601 dividend. This represents a $0.24 annualized dividend and a yield of 2.9%. The ex-dividend date was 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.