Short Interest in Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Drops By 61.0%

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 18,342 shares, a drop of 61.0% from the February 12th total of 47,035 shares. Based on an average daily trading volume, of 53,182 shares, the days-to-cover ratio is presently 0.3 days. Currently, 7.3% of the company’s stock are sold short. Currently, 7.3% of the company’s stock are sold short. Based on an average daily trading volume, of 53,182 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily TSM Bear 1X Shares stock. Optiver Holding B.V. increased its stake in Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) by 25.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,086 shares of the company’s stock after purchasing 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 at the end of the most recent reporting period.

Direxion Daily TSM Bear 1X Shares Trading Down 0.6%

NASDAQ TSMZ traded down $0.06 during trading hours on Friday, reaching $10.65. 88,114 shares of the company traded hands, compared to its average volume of 96,733. Direxion Daily TSM Bear 1X Shares has a 12 month low of $9.31 and a 12 month high of $29.60. The company has a 50 day moving average of $10.56 and a two-hundred day moving average of $12.40.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.1092 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, December 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.