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

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 31,878 shares, a decline of 87.7% from the April 30th total of 258,642 shares. Based on an average daily volume of 1,269,622 shares, the short-interest ratio is presently 0.0 days. Currently, 0.4% of the shares of the stock are sold short.

Direxion Daily TSM Bull 2X Shares Stock Performance

Shares of Direxion Daily TSM Bull 2X Shares stock traded up $0.24 on Thursday, hitting $85.94. The company’s stock had a trading volume of 565,962 shares, compared to its average volume of 916,209. Direxion Daily TSM Bull 2X Shares has a 1 year low of $23.40 and a 1 year high of $88.82. The firm has a fifty day moving average price of $69.61 and a 200-day moving average price of $60.91. The company has a market capitalization of $610.17 million, a price-to-earnings ratio of -3.99 and a beta of 3.33.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.2398 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, March 24th. Direxion Daily TSM Bull 2X Shares’s payout ratio is currently -18.83%.

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

Several institutional investors and hedge funds have recently modified their holdings of TSMX. Jane Street Group LLC purchased a new position in shares of Direxion Daily TSM Bull 2X Shares in the 1st quarter valued at about $543,000. Tower Research Capital LLC TRC boosted its holdings in 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 during the last quarter. SBI Securities Co. Ltd. boosted its holdings in Direxion Daily TSM Bull 2X Shares by 72.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock worth $90,000 after buying an additional 798 shares during the last quarter. Cibc World Market Inc. acquired a new stake in Direxion Daily TSM Bull 2X Shares in the 3rd quarter worth about $892,000. Finally, SG Americas Securities LLC boosted its holdings in Direxion Daily TSM Bull 2X Shares by 633.5% in the 4th quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock worth $6,484,000 after buying an additional 113,400 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.