Direxion Daily TSM Bear 1X ETF (NASDAQ:TSMZ) Shares Shorted: Short Interest Up 272.5% in October

Direxion Daily TSM Bear 1X ETF (NASDAQ:TSMZ) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 38,677 shares, a growth of 272.5% from the September 30th total of 10,384 shares. Based on an average trading volume of 99,119 shares, the short-interest ratio is currently 0.4 days. Currently, 9.7% of the company’s stock are sold short.

Direxion Daily TSM Bear 1X ETF Stock Performance

TSMZ opened at $7.78 on Friday. Direxion Daily TSM Bear 1X ETF has a 52-week low of $6.71 and a 52-week high of $13.93. The firm’s 50-day moving average price is $7.56 and its 200-day moving average price is $8.78.

About Direxion Daily TSM Bear 1X ETF

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.