Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Sees Large Decrease in Short Interest

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 35,411 shares, a decrease of 38.3% from the November 30th total of 57,354 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 372,448 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 372,448 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.7% of the shares of the company are sold short.

Direxion Daily TSM Bull 2X Shares Stock Performance

Shares of TSMX traded up $0.25 during midday trading on Tuesday, hitting $48.68. 129,417 shares of the stock traded hands, compared to its average volume of 619,901. The business’s 50 day moving average price is $48.76 and its two-hundred day moving average price is $42.05. The firm has a market capitalization of $233.66 million, a PE ratio of -2.26 and a beta of 7.50. Direxion Daily TSM Bull 2X Shares has a 1-year low of $12.15 and a 1-year high of $57.04.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be given a dividend of $0.2624 per share. This represents a $1.05 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, December 23rd. Direxion Daily TSM Bull 2X Shares’s payout ratio is -18.32%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its position in shares of Direxion Daily TSM Bull 2X Shares by 27,550.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,106 shares of the company’s stock worth $36,000 after purchasing an additional 1,102 shares in the last quarter. 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 valued at $123,000 after acquiring an additional 1,743 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Direxion Daily TSM Bull 2X Shares in the third quarter worth $842,000. Cibc World Market Inc. acquired a new stake in Direxion Daily TSM Bull 2X Shares during the third quarter valued at $892,000. Finally, Jane Street Group LLC acquired a new stake in Direxion Daily TSM Bull 2X Shares during the first quarter valued at $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.