Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Sees Large Increase in Short Interest

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 47,035 shares, a growth of 329.5% from the January 29th total of 10,950 shares. Approximately 18.8% of the company’s stock are sold short. Based on an average daily volume of 92,849 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 92,849 shares, the short-interest ratio is currently 0.5 days. Approximately 18.8% of the company’s stock are sold short.

Direxion Daily TSM Bear 1X Shares Stock Performance

Shares of TSMZ stock opened at $9.38 on Thursday. The firm has a fifty day moving average of $11.04 and a 200-day moving average of $12.84. Direxion Daily TSM Bear 1X Shares has a 52-week low of $9.31 and a 52-week high of $29.60.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.1092 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Trading of Direxion Daily TSM Bear 1X Shares

A hedge fund recently raised its stake in Direxion Daily TSM Bear 1X Shares stock. Optiver Holding B.V. raised its position in Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) by 25.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 filing with the SEC.

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.