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 large decline in short interest in July. As of July 15th, there was short interest totaling 14,206 shares, a decline of 33.6% from the June 30th total of 21,386 shares. Approximately 4.1% of the company’s stock are sold short. Based on an average daily volume of 94,881 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily TSM Bear 1X Shares Price Performance

Shares of TSMZ stock opened at $8.20 on Friday. Direxion Daily TSM Bear 1X Shares has a one year low of $7.05 and a one year high of $17.13. The company’s 50-day moving average is $8.00 and its 200 day moving average is $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. The ex-dividend date was Tuesday, June 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.9%.

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.