Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Down – What’s Next?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) gapped down prior to trading on Tuesday . The stock had previously closed at $82.37, but opened at $77.00. Direxion Daily TSM Bull 2X Shares shares last traded at $76.21, with a volume of 169,384 shares trading hands.

Direxion Daily TSM Bull 2X Shares Stock Down 7.4%

The firm has a market capitalization of $637.02 million, a P/E ratio of -3.54 and a beta of 3.16. The firm has a 50 day moving average of $83.04 and a 200-day moving average of $74.37.

Direxion Daily TSM Bull 2X Shares Announces Dividend

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

Institutional Trading of Direxion Daily TSM Bull 2X Shares

A number of institutional investors have recently modified their holdings of TSMX. Tower Research Capital LLC TRC grew its holdings in shares of Direxion Daily TSM Bull 2X Shares by 85.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock worth $123,000 after purchasing an additional 1,743 shares in the last quarter. HRT Financial LP bought a new position in shares of Direxion Daily TSM Bull 2X Shares in the fourth quarter worth $216,000. Finally, Jane Street Group LLC bought a new position in shares of Direxion Daily TSM Bull 2X Shares in the first quarter worth $543,000.

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.