Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Sees Significant Growth in Short Interest

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) saw a large growth in short interest in 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. Currently, 9.9% of the company’s shares are sold short. Based on an average daily trading volume, of 166,268 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On 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. grew its stake in shares of Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) by 25.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,086 shares of the company’s stock after buying an additional 5,525 shares during the period. Optiver Holding B.V. owned 9.67% of Direxion Daily TSM Bear 1X Shares worth $367,000 as of its most recent SEC filing.

Direxion Daily TSM Bear 1X Shares Trading Down 0.4%

Shares of TSMZ stock opened at $10.89 on Friday. Direxion Daily TSM Bear 1X Shares has a 1-year low of $9.31 and a 1-year high of $29.60. The firm’s 50-day simple moving average is $10.43 and its 200-day simple moving average is $11.95.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be given a dividend of $0.0764 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.31 annualized dividend 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.