Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Up – Should You Buy?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) gapped up before the market opened on Monday . The stock had previously closed at $71.73, but opened at $75.08. Direxion Daily TSM Bull 2X Shares shares last traded at $74.28, with a volume of 154,831 shares changing hands.

Direxion Daily TSM Bull 2X Shares Price Performance

The business has a 50-day moving average of $85.67 and a 200-day moving average of $71.41. The company has a market capitalization of $632.53 million, a P/E ratio of -3.41 and a beta of 2.98.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.3574 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.43 annualized dividend and a dividend yield of 1.9%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is currently -19.29%.

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

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in Direxion Daily TSM Bull 2X Shares by 633.5% in 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 last quarter. Jane Street Group LLC grew its stake in shares of 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 valued at $1,865,000 after buying an additional 28,888 shares during the last quarter. HRT Financial LP bought a new position in shares of Direxion Daily TSM Bull 2X Shares during the fourth quarter valued at approximately $216,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily TSM Bull 2X Shares by 85.2% during the second 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 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.