Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Update

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 129,045 shares, a decline of 51.7% from the July 15th total of 267,227 shares. Based on an average daily volume of 829,971 shares, the short-interest ratio is presently 0.2 days. Currently, 1.5% of the company’s stock are sold short.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC boosted its position in shares of Direxion Daily TSM Bull 2X Shares by 101.0% in 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 in the last quarter. HRT Financial LP acquired a new stake in Direxion Daily TSM Bull 2X Shares during the 4th quarter worth about $216,000. Finally, Tower Research Capital LLC TRC boosted its position 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 buying an additional 1,743 shares during the last quarter.

Direxion Daily TSM Bull 2X Shares Price Performance

Direxion Daily TSM Bull 2X Shares stock traded down $5.77 during trading hours on Tuesday, reaching $76.60. The stock had a trading volume of 208,220 shares, compared to its average volume of 896,618. The company has a market cap of $639.61 million, a price-to-earnings ratio of -3.55 and a beta of 3.16. The business’s 50 day moving average price is $83.04 and its 200-day moving average price is $74.37. Direxion Daily TSM Bull 2X Shares has a 52 week low of $30.79 and a 52 week high of $106.32.

Direxion Daily TSM Bull 2X Shares Announces Dividend

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

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.