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

Shares of Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) gapped down before the market opened on Wednesday . The stock had previously closed at $81.42, but opened at $77.41. Direxion Daily TSM Bull 2X Shares shares last traded at $79.32, with a volume of 146,821 shares traded.

Direxion Daily TSM Bull 2X Shares Stock Down 0.6%

The company has a market cap of $695.83 million, a P/E ratio of -3.75 and a beta of 2.98. The company has a 50 day moving average price of $85.65 and a 200-day moving average price of $71.81.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.3574 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.43 annualized dividend and a yield of 1.8%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is presently -19.29%.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position 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 buying an additional 1,743 shares in the last quarter. HRT Financial LP acquired a new stake in shares of Direxion Daily TSM Bull 2X Shares in the 4th quarter worth approximately $216,000. Jane Street Group LLC bought a new position in shares of Direxion Daily TSM Bull 2X Shares in the first quarter valued at approximately $543,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Direxion Daily TSM Bull 2X Shares by 633.5% in the fourth quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock valued at $6,484,000 after acquiring an additional 113,400 shares in the last quarter.

About Direxion Daily TSM Bull 2X Shares

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.