Short Interest in Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Declines By 33.6%

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 14,206 shares, a drop of 33.6% from the June 30th total of 21,386 shares. Based on an average daily trading volume, of 94,881 shares, the short-interest ratio is presently 0.1 days. Approximately 4.1% of the shares of the company are sold short.

Direxion Daily TSM Bear 1X Shares Price Performance

Shares of NASDAQ:TSMZ opened at $8.20 on Friday. Direxion Daily TSM Bear 1X Shares has a fifty-two week low of $7.05 and a fifty-two week high of $17.13. The business has a 50-day simple moving average of $8.00 and a two-hundred day simple moving average of $9.30.

Direxion Daily TSM Bear 1X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.0601 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 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.