Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Down 6.8% – Here’s What Happened

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) were down 6.8% during trading on Wednesday . The company traded as low as $79.60 and last traded at $80.95. Approximately 749,469 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 919,570 shares. The stock had previously closed at $86.89.

Direxion Daily TSM Bull 2X Shares Stock Up 6.3%

The stock has a market capitalization of $596.26 million, a price-to-earnings ratio of -3.90 and a beta of 3.19. The company’s 50-day moving average is $76.22 and its 200-day moving average is $64.01.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

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

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

Several hedge funds and other institutional investors have recently bought and sold shares of TSMX. Jane Street Group LLC acquired a new stake in Direxion Daily TSM Bull 2X Shares during the first quarter worth about $543,000. Tower Research Capital LLC TRC increased its position in Direxion Daily TSM Bull 2X Shares by 85.2% during the second 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 during the last quarter. Cibc World Market Inc. acquired a new stake in Direxion Daily TSM Bull 2X Shares during the third quarter worth about $892,000. SG Americas Securities LLC increased its position in Direxion Daily TSM Bull 2X Shares by 633.5% during the fourth quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock worth $6,484,000 after purchasing an additional 113,400 shares during the last quarter. Finally, HRT Financial LP acquired a new stake in Direxion Daily TSM Bull 2X Shares during the fourth quarter worth about $216,000.

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.