Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ – Get Free Report) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 21,386 shares, a decrease of 39.5% from the June 15th total of 35,344 shares. Based on an average daily volume of 105,868 shares, the days-to-cover ratio is currently 0.2 days. Approximately 6.1% of the shares of the company are short sold.
Direxion Daily TSM Bear 1X Shares Stock Performance
Shares of NASDAQ TSMZ traded up $0.10 during trading on Thursday, reaching $8.09. 140,211 shares of the company traded hands, compared to its average volume of 86,217. The firm’s fifty day simple moving average is $8.08 and its 200 day simple moving average is $9.57. Direxion Daily TSM Bear 1X Shares has a 12-month low of $7.05 and a 12-month high of $17.13.
Direxion Daily TSM Bear 1X Shares Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.0601 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.0%.
About Direxion Daily TSM Bear 1X Shares
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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