Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX) Shares Gap Down – Here’s What Happened

Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX)’s share price gapped down prior to trading on Monday . The stock had previously closed at $82.06, but opened at $75.74. Direxion Daily TSM Bull 2X ETF shares last traded at $77.6780, with a volume of 135,348 shares.

Direxion Daily TSM Bull 2X ETF Stock Performance

The firm has a market capitalization of $644.65 million, a price-to-earnings ratio of -3.58 and a beta of 3.13. The business’s 50 day moving average is $78.28 and its 200-day moving average is $76.10.

Institutional Investors Weigh In On Direxion Daily TSM Bull 2X ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its position in shares of Direxion Daily TSM Bull 2X ETF by 101.0% during the 2nd quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock worth $1,865,000 after purchasing an additional 28,888 shares during the last quarter. HRT Financial LP acquired a new stake in Direxion Daily TSM Bull 2X ETF in the 4th quarter valued at approximately $216,000. Finally, Tower Research Capital LLC TRC grew its holdings in Direxion Daily TSM Bull 2X ETF by 85.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock valued at $123,000 after buying an additional 1,743 shares during the last quarter.

Direxion Daily TSM Bull 2X ETF Company Profile

The Direxion Daily TSM Bull 2X Shares (TSMX) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Taiwan Semiconductor Manufacturing (TSM) stock. TSMX was launched on Oct 3, 2024 and is issued by Direxion.