Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Short Interest Down 50.2% in May

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZGet Free Report) was the target of a significant 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. Based on an average trading volume of 45,111 shares, the short-interest ratio is currently 0.3 days. Approximately 4.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Direxion Daily TSM Bear 1X Shares

A hedge fund recently raised its stake in Direxion Daily TSM Bear 1X Shares stock. Optiver Holding B.V. grew its holdings in shares of Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZFree Report) by 25.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,086 shares of the company’s stock after purchasing an additional 5,525 shares during the period. Optiver Holding B.V. owned about 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 Price Performance

Direxion Daily TSM Bear 1X Shares stock opened at $8.16 on Friday. Direxion Daily TSM Bear 1X Shares has a 1 year low of $7.74 and a 1 year high of $18.68. The company’s 50 day simple moving average is $8.89 and its 200-day simple moving average is $10.40.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.0764 per share. This represents a $0.31 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Tuesday, March 24th.

Direxion Daily TSM Bear 1X Shares Company Profile

(Get Free Report)

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.

Further Reading

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