Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Stock Price Down 6.8% – Should You Sell?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) fell 6.8% during trading on Friday . The company traded as low as $81.41 and last traded at $82.00. Approximately 321,698 shares were traded during trading, a decline of 65% from the average session volume of 912,014 shares. The stock had previously closed at $87.99.

Direxion Daily TSM Bull 2X Shares Stock Down 2.6%

The company’s 50-day moving average is $82.02 and its two-hundred day moving average is $67.06. The company has a market cap of $608.54 million, a P/E ratio of -3.98 and a beta of 3.19.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be paid a $0.3574 dividend. This represents a $1.43 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s payout ratio is presently -20.45%.

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

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC lifted its stake in Direxion Daily TSM Bull 2X Shares by 633.5% in the fourth quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock valued at $6,484,000 after purchasing an additional 113,400 shares during the last quarter. Jane Street Group LLC grew its holdings in Direxion Daily TSM Bull 2X Shares by 1.4% during the fourth quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock valued at $556,000 after purchasing an additional 159 shares during the period. HRT Financial LP purchased a new stake in Direxion Daily TSM Bull 2X Shares in the fourth quarter worth $216,000. Finally, Tower Research Capital LLC TRC raised its stake 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 buying an additional 1,743 shares during the period.

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.