Direxion Daily TSM Bear 1X ETF (NASDAQ:TSMZ) Stock Short Interest Jumps 103.5%

Direxion Daily TSM Bear 1X ETF (NASDAQ:TSMZ) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 21,408 shares, a growth of 103.5% from the August 31st total of 10,521 shares. Approximately 6.1% of the shares of the company are short sold. Based on an average trading volume of 97,545 shares, the days-to-cover ratio is presently 0.2 days.

Direxion Daily TSM Bear 1X ETF Stock Down 0.8%

NASDAQ:TSMZ traded down $0.06 during trading on Tuesday, reaching $7.16. The company’s stock had a trading volume of 90,425 shares, compared to its average volume of 88,581. The firm has a 50 day moving average of $7.86 and a 200-day moving average of $8.52. Direxion Daily TSM Bear 1X ETF has a 12 month low of $7.05 and a 12 month high of $13.93.

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.