Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Trading Up 2.2% – Time to Buy?

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ)’s stock price were up 2.2% during trading on Monday . The company traded as high as $8.93 and last traded at $8.83. Approximately 64,081 shares traded hands during trading, a decline of 25% from the average daily volume of 85,760 shares. The stock had previously closed at $8.64.

Direxion Daily TSM Bear 1X Shares Trading Up 2.2%

The business’s fifty day moving average price is $9.76 and its 200 day moving average price is $11.00.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The firm also recently disclosed 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. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, March 24th.

Hedge Funds Weigh In On Direxion Daily TSM Bear 1X Shares

A hedge fund recently raised its stake in Direxion Daily TSM Bear 1X Shares stock. Optiver Holding B.V. lifted its holdings in shares of Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) by 25.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 27,086 shares of the company’s stock after acquiring 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 SEC.

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.