Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Sees Unusually-High Trading Volume – Still a Buy?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) saw an uptick in trading volume on Wednesday . 762,620 shares changed hands during trading, a decline of 12% from the previous session’s volume of 867,666 shares.The stock last traded at $82.42 and had previously closed at $75.88.

Direxion Daily TSM Bull 2X Shares Stock Down 1.6%

The company has a market capitalization of $583.62 million, a PE ratio of -3.81 and a beta of 3.33. The company’s 50 day moving average is $65.55 and its two-hundred day moving average is $58.20.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a dividend of $0.2398 per share. This represents a $0.96 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, March 24th. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is presently -18.83%.

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

Institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. grew its stake in Direxion Daily TSM Bull 2X Shares by 72.2% during the third quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock valued at $90,000 after acquiring an additional 798 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily TSM Bull 2X Shares by 85.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock worth $123,000 after buying an additional 1,743 shares in the last quarter. HRT Financial LP purchased a new position in shares of Direxion Daily TSM Bull 2X Shares in the 4th quarter worth $216,000. Jane Street Group LLC purchased a new position in shares of Direxion Daily TSM Bull 2X Shares in the 1st quarter worth $543,000. Finally, SG Americas Securities LLC purchased a new position in shares of Direxion Daily TSM Bull 2X Shares in the 3rd quarter worth $842,000.

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.