Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Trading Down 1.8% – Time to Sell?

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) shares were down 1.8% during mid-day trading on Monday . The stock traded as low as $10.14 and last traded at $10.25. Approximately 66,045 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 74,879 shares. The stock had previously closed at $10.44.

Direxion Daily TSM Bear 1X Shares Trading Down 1.8%

The firm has a 50-day simple moving average of $11.71 and a two-hundred day simple moving average of $13.34.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a dividend of $0.1092 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily TSM Bear 1X Shares stock. Optiver Holding B.V. lifted its holdings in shares of Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) by 25.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,086 shares of the company’s stock after purchasing an additional 5,525 shares during the quarter. Optiver Holding B.V. owned 9.67% of Direxion Daily TSM Bear 1X Shares worth $367,000 as of its most recent SEC filing.

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.