Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Up 9.4% – What’s Next?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) shares shot up 9.4% on Thursday . The stock traded as high as $84.87 and last traded at $84.72. 849,306 shares traded hands during trading, a decline of 7% from the average session volume of 909,990 shares. The stock had previously closed at $77.46.

Direxion Daily TSM Bull 2X Shares Stock Up 8.2%

The firm has a market cap of $594.91 million, a PE ratio of -3.89 and a beta of 3.33. The firm’s 50 day moving average is $66.00 and its 200-day moving average is $59.00.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a dividend of $0.2398 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.96 annualized dividend and a dividend yield of 1.1%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is presently -18.83%.

Hedge Funds Weigh In On Direxion Daily TSM Bull 2X Shares

A number of large investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its stake in Direxion Daily TSM Bull 2X Shares by 1.4% during the fourth quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock worth $556,000 after purchasing an additional 159 shares during the period. HRT Financial LP purchased a new position in Direxion Daily TSM Bull 2X Shares during the fourth quarter worth approximately $216,000. SG Americas Securities LLC raised its stake in Direxion Daily TSM Bull 2X Shares by 633.5% during the fourth quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock worth $6,484,000 after purchasing an additional 113,400 shares during the period. Cibc World Market Inc. purchased a new position in Direxion Daily TSM Bull 2X Shares during the third quarter worth approximately $892,000. Finally, SBI Securities Co. Ltd. raised its stake in Direxion Daily TSM Bull 2X Shares by 72.2% during the third quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock worth $90,000 after purchasing an additional 798 shares during the period.

Direxion Daily TSM Bull 2X Shares 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.