Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Down – Here’s Why

Shares of Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) gapped down prior to trading on Thursday . The stock had previously closed at $80.06, but opened at $74.92. Direxion Daily TSM Bull 2X Shares shares last traded at $76.63, with a volume of 1,127,927 shares traded.

Direxion Daily TSM Bull 2X Shares Stock Down 3.9%

The firm has a market capitalization of $611.59 million, a P/E ratio of -3.57 and a beta of 2.98. The firm’s 50-day simple moving average is $86.03 and its 200-day simple moving average is $71.05.

Direxion Daily TSM Bull 2X Shares Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSMX. Tower Research Capital LLC TRC increased its stake in 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 acquiring an additional 1,743 shares during the last quarter. HRT Financial LP bought a new stake in Direxion Daily TSM Bull 2X Shares during the fourth quarter worth about $216,000. Jane Street Group LLC purchased a new position in shares of Direxion Daily TSM Bull 2X Shares in the 1st quarter worth about $543,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Direxion Daily TSM Bull 2X Shares by 633.5% in the 4th quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock worth $6,484,000 after purchasing 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.