Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Down 87.7% in May

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 31,878 shares, a decrease of 87.7% from the April 30th total of 258,642 shares. Based on an average daily trading volume, of 1,269,622 shares, the short-interest ratio is currently 0.0 days. Currently, 0.4% of the company’s stock are short sold.

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

Large investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its stake in Direxion Daily TSM Bull 2X Shares by 633.5% in the 4th quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock valued at $6,484,000 after purchasing an additional 113,400 shares during the last quarter. Jane Street Group LLC lifted its position in Direxion Daily TSM Bull 2X Shares by 101.0% during the second quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock worth $1,865,000 after acquiring an additional 28,888 shares during the last quarter. Cibc World Market Inc. acquired a new stake in Direxion Daily TSM Bull 2X Shares during the third quarter worth approximately $892,000. HRT Financial LP bought a new position in shares of Direxion Daily TSM Bull 2X Shares during the fourth quarter worth approximately $216,000. Finally, Tower Research Capital LLC TRC increased its stake in Direxion Daily TSM Bull 2X Shares by 85.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock valued at $123,000 after acquiring an additional 1,743 shares during the last quarter.

Direxion Daily TSM Bull 2X Shares Trading Down 2.9%

Shares of Direxion Daily TSM Bull 2X Shares stock traded down $2.47 during trading hours on Friday, reaching $84.05. 653,617 shares of the company’s stock were exchanged, compared to its average volume of 914,918. The company has a 50 day moving average of $70.12 and a two-hundred day moving average of $61.18. Direxion Daily TSM Bull 2X Shares has a fifty-two week low of $23.40 and a fifty-two week high of $88.82. The stock has a market cap of $596.76 million, a P/E ratio of -3.90 and a beta of 3.33.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

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

About Direxion Daily TSM Bull 2X Shares

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.