Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Short Interest Up 35.3% in March

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZGet Free Report) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 24,817 shares, a growth of 35.3% from the February 26th total of 18,342 shares. Based on an average trading volume of 166,268 shares, the days-to-cover ratio is currently 0.1 days. Approximately 9.9% of the company’s shares are short sold.

Institutional Trading of Direxion Daily TSM Bear 1X Shares

An institutional investor recently raised its position in Direxion Daily TSM Bear 1X Shares stock. Optiver Holding B.V. lifted its position in shares of Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZFree Report) by 25.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,086 shares of the company’s stock after buying an additional 5,525 shares during the period. Optiver Holding B.V. owned approximately 9.67% of Direxion Daily TSM Bear 1X Shares worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily TSM Bear 1X Shares Price Performance

Shares of TSMZ stock opened at $11.25 on Tuesday. The company’s 50-day moving average price is $10.44 and its 200-day moving average price is $11.91. Direxion Daily TSM Bear 1X Shares has a twelve month low of $9.31 and a twelve month high of $29.60.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be paid a dividend of $0.0764 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.31 dividend on an annualized basis and a yield of 2.7%.

Direxion Daily TSM Bear 1X Shares Company Profile

(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.

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