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

Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 809,125 shares, an increase of 155.6% from the August 15th total of 316,525 shares. Based on an average daily trading volume, of 389,641 shares, the days-to-cover ratio is currently 2.1 days. Approximately 9.7% of the company’s stock are sold short.

Direxion Daily TSM Bull 2X ETF Trading Down 1.6%

Shares of TSMX stock traded down $1.24 during trading hours on Tuesday, hitting $75.20. 111,657 shares of the company were exchanged, compared to its average volume of 843,910. The company has a market capitalization of $627.94 million, a PE ratio of -3.49 and a beta of 3.13. Direxion Daily TSM Bull 2X ETF has a 52 week low of $40.48 and a 52 week high of $106.32. The business has a 50 day moving average of $77.94 and a two-hundred day moving average of $76.10.

Direxion Daily TSM Bull 2X ETF 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.