Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,688,426 shares, an increase of 126.1% from the September 30th total of 746,732 shares. Based on an average trading volume of 650,927 shares, the days-to-cover ratio is presently 2.6 days. Currently, 24.3% of the shares of the company are sold short.
Direxion Daily TSM Bull 2X ETF Trading Down 11.8%
Shares of NASDAQ:TSMX opened at $69.85 on Friday. The firm has a 50 day moving average of $82.19 and a 200-day moving average of $75.45. Direxion Daily TSM Bull 2X ETF has a 12 month low of $40.92 and a 12 month high of $106.32. The stock has a market capitalization of $488.95 million, a PE ratio of -3.24 and a beta of 3.02.
About Direxion Daily TSM Bull 2X ETF
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.
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