Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Short Interest Down 39.5% in June

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 21,386 shares, a decline of 39.5% from the June 15th total of 35,344 shares. Based on an average daily volume of 105,868 shares, the short-interest ratio is presently 0.2 days. Currently, 6.1% of the company’s shares are short sold.

Direxion Daily TSM Bear 1X Shares Price Performance

Shares of TSMZ opened at $8.61 on Friday. The firm has a fifty day moving average price of $8.08 and a 200-day moving average price of $9.54. Direxion Daily TSM Bear 1X Shares has a 12-month low of $7.05 and a 12-month high of $17.13.

Direxion Daily TSM Bear 1X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.0601 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 2.8%.

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.