Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Sees Large Drop in Short Interest

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 10,636 shares, a drop of 79.2% from the January 15th total of 51,124 shares. Based on an average trading volume of 660,669 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 660,669 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily TSM Bull 2X Shares Stock Performance

Shares of TSMX stock opened at $72.71 on Thursday. Direxion Daily TSM Bull 2X Shares has a 1 year low of $12.15 and a 1 year high of $74.71. The firm has a market capitalization of $370.82 million, a PE ratio of -3.37 and a beta of 7.50. The stock has a fifty day moving average of $54.50 and a two-hundred day moving average of $47.64.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a $0.2624 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.05 annualized dividend and a yield of 1.4%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is presently -18.32%.

Hedge Funds Weigh In On Direxion Daily TSM Bull 2X Shares

Several large investors have recently bought and sold shares of TSMX. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily TSM Bull 2X Shares by 27,550.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,106 shares of the company’s stock worth $36,000 after buying an additional 1,102 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily TSM Bull 2X Shares by 85.2% during 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 period. SG Americas Securities LLC bought a new stake in Direxion Daily TSM Bull 2X Shares during the third quarter worth approximately $842,000. Cibc World Market Inc. acquired a new stake in Direxion Daily TSM Bull 2X Shares in the third quarter worth approximately $892,000. Finally, Jane Street Group LLC acquired a new stake in Direxion Daily TSM Bull 2X Shares in the first quarter worth approximately $543,000.

Direxion Daily TSM Bull 2X Shares 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.