Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Update

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 316,525 shares, a growth of 145.3% from the July 30th total of 129,045 shares. Based on an average daily volume of 556,729 shares, the short-interest ratio is presently 0.6 days. Approximately 3.8% of the company’s stock are short sold.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

A number of hedge funds have recently bought and sold shares of the business. Jane Street Group LLC grew its stake in Direxion Daily TSM Bull 2X Shares by 101.0% in the 2nd quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock valued at $1,865,000 after purchasing an additional 28,888 shares during the period. HRT Financial LP purchased a new position in shares of Direxion Daily TSM Bull 2X Shares in the 4th quarter worth about $216,000. Finally, Tower Research Capital LLC TRC boosted its holdings 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 during the last quarter.

Direxion Daily TSM Bull 2X Shares Stock Performance

NASDAQ:TSMX traded down $3.73 on Friday, hitting $76.74. The stock had a trading volume of 339,132 shares, compared to its average volume of 872,771. The stock has a market cap of $640.78 million, a P/E ratio of -3.56 and a beta of 3.16. Direxion Daily TSM Bull 2X Shares has a 1 year low of $31.18 and a 1 year high of $106.32. The firm’s fifty day simple moving average is $80.81 and its two-hundred day simple moving average is $75.35.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.3574 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is presently -19.29%.

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.