Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ – Get Free Report) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 12,234 shares, a drop of 50.2% from the May 14th total of 24,561 shares. Approximately 4.1% of the shares of the company are short sold. Based on an average daily volume of 45,111 shares, the short-interest ratio is currently 0.3 days.
Direxion Daily TSM Bear 1X Shares Stock Performance
NASDAQ TSMZ traded down $0.07 during midday trading on Friday, hitting $8.16. The company had a trading volume of 41,429 shares, compared to its average volume of 82,121. The firm has a fifty day simple moving average of $8.89 and a two-hundred day simple moving average of $10.40. Direxion Daily TSM Bear 1X Shares has a fifty-two week low of $7.74 and a fifty-two week high of $18.68.
Direxion Daily TSM Bear 1X Shares Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a $0.0764 dividend. This represents a $0.31 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, March 24th.
Institutional Trading of Direxion Daily TSM Bear 1X Shares
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.
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