Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Short Interest Up 329.5% in February

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 47,035 shares, an increase of 329.5% from the January 29th total of 10,950 shares. Approximately 18.8% of the shares of the company are sold short. Based on an average daily trading volume, of 92,849 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 92,849 shares, the short-interest ratio is currently 0.5 days. Approximately 18.8% of the shares of the company are sold short.

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. lifted its stake in Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) by 25.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 approximately 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

TSMZ opened at $9.70 on Friday. Direxion Daily TSM Bear 1X Shares has a 12 month low of $9.31 and a 12 month high of $29.60. The business has a 50 day simple moving average of $10.91 and a 200-day simple moving average of $12.77.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.1092 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 4.5%.

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.