Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ – Get Free Report) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 12,234 shares, a decrease of 50.2% from the May 14th total of 24,561 shares. Currently, 4.1% of the company’s shares are sold short. Based on an average daily trading volume, of 45,111 shares, the days-to-cover ratio is currently 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. raised its holdings in Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ – Free Report) by 25.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,086 shares of the company’s stock after purchasing an additional 5,525 shares during the quarter. Optiver Holding B.V. owned 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 Trading Down 0.9%
NASDAQ TSMZ opened at $8.16 on Friday. The business’s fifty day simple moving average is $8.89 and its 200-day simple moving average is $10.40. Direxion Daily TSM Bear 1X Shares has a 52 week low of $7.74 and a 52 week high of $18.68.
Direxion Daily TSM Bear 1X Shares Cuts Dividend
About Direxion Daily TSM Bear 1X Shares
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.
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