Direxion Daily TSM Bear 1X ETF (NASDAQ:TSMZ) Declares Quarterly Dividend of $0.07

Direxion Daily TSM Bear 1X ETF (NASDAQ:TSMZ) announced a quarterly dividend on Monday, September 21st. Shareholders of record on Tuesday, September 22nd will be paid a dividend of 0.0711 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a 18.4% increase from Direxion Daily TSM Bear 1X ETF’s previous quarterly dividend of $0.06.

Direxion Daily TSM Bear 1X ETF Stock Down 2.6%

NASDAQ:TSMZ traded down $0.19 during trading hours on Tuesday, reaching $7.23. 55,419 shares of the company traded hands, compared to its average volume of 88,871. The business’s 50-day moving average price is $7.95 and its two-hundred day moving average price is $8.63. Direxion Daily TSM Bear 1X ETF has a 1 year low of $7.05 and a 1 year high of $13.98.

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.