Short Interest in Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Decreases By 26.4%

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 10,950 shares, a drop of 26.4% from the January 15th total of 14,885 shares. Approximately 4.4% of the company’s shares are sold short. Based on an average daily volume of 58,873 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 58,873 shares, the days-to-cover ratio is currently 0.2 days. Approximately 4.4% of the company’s shares are sold short.

Institutional Trading of 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. lifted its holdings in Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) by 25.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,086 shares of the company’s stock after purchasing an additional 5,525 shares during the period. Optiver Holding B.V. owned approximately 9.67% of Direxion Daily TSM Bear 1X Shares worth $367,000 at the end of the most recent reporting period.

Direxion Daily TSM Bear 1X Shares Stock Up 0.6%

NASDAQ:TSMZ traded up $0.06 during trading hours on Monday, reaching $9.94. 106,085 shares of the stock were exchanged, compared to its average volume of 82,936. Direxion Daily TSM Bear 1X Shares has a twelve month low of $9.59 and a twelve month high of $29.60. The business has a 50-day moving average of $11.49 and a two-hundred day moving average of $13.17.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.1092 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Tuesday, December 23rd.

Direxion Daily TSM Bear 1X Shares 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.