Direxion Daily TSM Bear 1X ETF (NASDAQ:TSMZ) Shares Shorted: Short Interest Down 51.5% in September

Direxion Daily TSM Bear 1X ETF (NASDAQ:TSMZ) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 10,384 shares, a decrease of 51.5% from the September 15th total of 21,408 shares. Based on an average trading volume of 90,422 shares, the days-to-cover ratio is currently 0.1 days. Approximately 3.0% of the shares of the stock are short sold.

Direxion Daily TSM Bear 1X ETF Stock Performance

NASDAQ TSMZ traded up $0.18 during trading hours on Friday, reaching $7.91. The company’s stock had a trading volume of 104,659 shares, compared to its average volume of 90,067. The company’s 50-day moving average is $7.60 and its two-hundred day moving average is $8.20. Direxion Daily TSM Bear 1X ETF has a 1-year low of $6.71 and a 1-year high of $13.93.

Direxion Daily TSM Bear 1X ETF 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.