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 target of a large growth in short interest in June. As of June 15th, there was short interest totaling 35,344 shares, a growth of 188.9% from the May 31st total of 12,234 shares. Based on an average daily volume of 76,168 shares, the days-to-cover ratio is currently 0.5 days. Currently, 11.8% of the company’s shares are sold short.

Direxion Daily TSM Bear 1X Shares Stock Performance

Shares of TSMZ stock traded up $0.04 during mid-day trading on Friday, reaching $7.84. 148,125 shares of the company’s stock traded hands, compared to its average volume of 84,664. Direxion Daily TSM Bear 1X Shares has a 12 month low of $7.23 and a 12 month high of $17.35. The company’s 50-day moving average price is $8.45 and its 200-day moving average price is $10.04.

Direxion Daily TSM Bear 1X Shares Dividend Announcement

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

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.