Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Up – Here’s What Happened

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) gapped up before the market opened on Monday . The stock had previously closed at $71.73, but opened at $75.08. Direxion Daily TSM Bull 2X Shares shares last traded at $74.28, with a volume of 154,831 shares.

Direxion Daily TSM Bull 2X Shares Stock Performance

The firm has a market capitalization of $700.21 million, a price-to-earnings ratio of -3.78 and a beta of 2.98. The company has a fifty day moving average of $85.65 and a two-hundred day moving average of $71.81.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 yield of 1.8%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is presently -19.29%.

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

A number of institutional investors have recently modified their holdings of TSMX. Jane Street Group LLC raised its stake in Direxion Daily TSM Bull 2X Shares by 1.4% in the 4th quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock worth $556,000 after purchasing an additional 159 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Direxion Daily TSM Bull 2X Shares by 85.2% in the 2nd 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 during the period. HRT Financial LP acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the 4th quarter worth approximately $216,000. Finally, SG Americas Securities LLC grew its position in shares of Direxion Daily TSM Bull 2X Shares by 633.5% during 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.

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.