Direxion Daily TSM Bear 1X ETF (NASDAQ:TSMZ) Sees Significant Growth in Short Interest

Direxion Daily TSM Bear 1X ETF (NASDAQ:TSMZ) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 21,408 shares, a growth of 103.5% from the August 31st total of 10,521 shares. Based on an average daily trading volume, of 97,545 shares, the short-interest ratio is currently 0.2 days. Approximately 6.1% of the company’s stock are short sold.

Direxion Daily TSM Bear 1X ETF Stock Up 1.4%

Shares of TSMZ stock traded up $0.10 during trading on Monday, reaching $7.36. The company had a trading volume of 28,426 shares, compared to its average volume of 88,059. Direxion Daily TSM Bear 1X ETF has a one year low of $7.05 and a one year high of $13.93. The firm’s 50 day simple moving average is $7.88 and its two-hundred day simple moving average is $8.54.

About Direxion Daily TSM Bear 1X ETF

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.