Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Short Interest Update

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 35,344 shares, a growth of 188.9% from the May 31st total of 12,234 shares. Approximately 11.8% of the company’s stock are sold short. Based on an average daily trading volume, of 76,168 shares, the days-to-cover ratio is presently 0.5 days.

Direxion Daily TSM Bear 1X Shares Trading Down 3.1%

Shares of NASDAQ TSMZ traded down $0.23 during mid-day trading on Tuesday, reaching $7.21. The company had a trading volume of 97,352 shares, compared to its average volume of 84,595. The firm has a 50 day simple moving average of $8.41 and a two-hundred day simple moving average of $9.99. Direxion Daily TSM Bear 1X Shares has a 52-week low of $7.18 and a 52-week high of $17.35.

Direxion Daily TSM Bear 1X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be paid a $0.0601 dividend. This represents a $0.24 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, June 23rd.

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.