Direxion Daily TSM Bear 1X ETF (NASDAQ:TSMZ) Sees Large Drop in Short Interest

Direxion Daily TSM Bear 1X ETF (NASDAQ:TSMZ) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 10,384 shares, a drop of 51.5% from the September 15th total of 21,408 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average trading volume of 90,422 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily TSM Bear 1X ETF Stock Performance

TSMZ stock opened at $7.45 on Wednesday. Direxion Daily TSM Bear 1X ETF has a 52 week low of $6.71 and a 52 week high of $13.93. The company’s 50-day simple moving average is $7.61 and its 200 day simple moving average is $8.25.

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.