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

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ)’s stock price dropped 0.2% during trading on Tuesday . The company traded as low as $7.94 and last traded at $8.12. Approximately 148,913 shares were traded 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 Stock Down 0.2%

The company’s 50 day simple moving average is $9.03 and its two-hundred day simple moving average is $10.49.

Direxion Daily TSM Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.0764 dividend. This represents a $0.31 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, March 24th.

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. increased its position in shares of Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) by 25.6% in the third 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 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.