Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) Short Interest Up 188.9% in June

Direxion Daily TSM Bear 1X Shares (NASDAQ:TSMZ) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 35,344 shares, an increase of 188.9% from the May 31st total of 12,234 shares. Based on an average daily volume of 76,168 shares, the short-interest ratio is presently 0.5 days. Approximately 11.8% of the shares of the stock are short sold.

Direxion Daily TSM Bear 1X Shares Stock Performance

Shares of NASDAQ TSMZ traded up $0.04 during trading hours on Friday, reaching $7.84. 148,125 shares of the stock traded hands, compared to its average volume of 84,664. The company’s 50-day simple moving average is $8.45 and its two-hundred day simple moving average is $10.04. Direxion Daily TSM Bear 1X Shares has a 52-week low of $7.23 and a 52-week high of $17.35.

Direxion Daily TSM Bear 1X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a $0.0601 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.1%.

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.