Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Up 9.4% – What’s Next?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) shares were up 9.4% on Thursday . The company traded as high as $84.87 and last traded at $84.72. Approximately 849,306 shares were traded during trading, a decline of 7% from the average daily volume of 909,990 shares. The stock had previously closed at $77.46.

Direxion Daily TSM Bull 2X Shares Stock Performance

The stock’s fifty day moving average is $66.00 and its two-hundred day moving average is $59.00. The firm has a market capitalization of $594.91 million, a price-to-earnings ratio of -3.89 and a beta of 3.33.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.2398 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, March 24th. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is presently -18.83%.

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

A number of large investors have recently added to or reduced their stakes in TSMX. SG Americas Securities LLC grew its holdings in 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 valued at $6,484,000 after purchasing an additional 113,400 shares in the last quarter. Jane Street Group LLC grew its holdings in 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 acquiring an additional 28,888 shares in the last quarter. Cibc World Market Inc. acquired a new position in Direxion Daily TSM Bull 2X Shares during the 3rd quarter worth $892,000. HRT Financial LP acquired a new position in Direxion Daily TSM Bull 2X Shares during the 4th quarter worth $216,000. Finally, Tower Research Capital LLC TRC grew its holdings in 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 acquiring an additional 1,743 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.