Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Shares Down 0.2% – Time to Sell?

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ)’s share price were down 0.2% during mid-day trading on Tuesday . The stock traded as low as $7.94 and last traded at $8.12. Approximately 148,913 shares traded hands during trading, an increase of 83% from the average daily volume of 81,550 shares. The stock had previously closed at $8.14.

Direxion Daily TSM Bear 1X Shares Trading Down 2.9%

The company’s fifty day simple moving average is $8.93 and its 200-day simple moving average is $10.42.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily TSM Bear 1X Shares stock. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) by 25.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,086 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission (SEC).

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.