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

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 91,002 shares, a growth of 125.3% from the May 31st total of 40,387 shares. Based on an average daily volume of 903,841 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.3% of the company’s shares are sold short.

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

Several institutional investors and hedge funds have recently made changes to their positions in TSMX. SG Americas Securities LLC increased its holdings 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 worth $6,484,000 after purchasing an additional 113,400 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Direxion Daily TSM Bull 2X Shares by 101.0% during the 2nd quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock worth $1,865,000 after buying an additional 28,888 shares in the last quarter. HRT Financial LP bought a new position in shares of Direxion Daily TSM Bull 2X Shares during the 4th quarter worth approximately $216,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Direxion Daily TSM Bull 2X Shares by 85.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock worth $123,000 after buying an additional 1,743 shares during the period.

Direxion Daily TSM Bull 2X Shares Stock Up 2.5%

Direxion Daily TSM Bull 2X Shares stock traded up $2.16 during mid-day trading on Monday, hitting $88.81. 221,663 shares of the stock were exchanged, compared to its average volume of 911,736. The stock has a market capitalization of $630.55 million, a price-to-earnings ratio of -4.12 and a beta of 3.19. Direxion Daily TSM Bull 2X Shares has a 12 month low of $30.79 and a 12 month high of $106.32. The firm’s fifty day simple moving average is $82.36 and its two-hundred day simple moving average is $67.31.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a $0.3574 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.43 annualized dividend and a dividend yield of 1.6%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is -19.29%.

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.