Short Interest in Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Drops By 50.2%

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZGet 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:TSMZFree 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

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.0764 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.7%.

About Direxion Daily TSM Bear 1X Shares

(Get Free Report)

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.

Further Reading

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