Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Reaches New 1-Year High – Here’s Why

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) reached a new 52-week high on Wednesday . The stock traded as high as $87.96 and last traded at $86.11, with a volume of 499605 shares trading hands. The stock had previously closed at $81.58.

Direxion Daily TSM Bull 2X Shares Price Performance

The stock has a 50-day simple moving average of $69.07 and a 200 day simple moving average of $60.65. The company has a market capitalization of $591.71 million, a PE ratio of -3.87 and a beta of 3.33.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.2398 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, March 24th. Direxion Daily TSM Bull 2X Shares’s payout ratio is -18.83%.

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

Large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. increased its holdings in Direxion Daily TSM Bull 2X Shares by 72.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock valued at $90,000 after acquiring an additional 798 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Direxion Daily TSM Bull 2X Shares by 85.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock valued at $123,000 after purchasing an additional 1,743 shares in the last quarter. HRT Financial LP purchased a new stake in shares of Direxion Daily TSM Bull 2X Shares in the fourth quarter valued at about $216,000. Jane Street Group LLC acquired a new stake in shares of Direxion Daily TSM Bull 2X Shares in the first quarter valued at approximately $543,000. Finally, Cibc World Market Inc. acquired a new stake in shares of Direxion Daily TSM Bull 2X Shares in the third quarter valued at approximately $892,000.

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.