Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Update

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 267,227 shares, an increase of 489.5% from the June 30th total of 45,333 shares. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily volume of 1,019,573 shares, the short-interest ratio is presently 0.3 days.

Direxion Daily TSM Bull 2X Shares Stock Performance

Shares of TSMX stock traded down $4.50 during trading hours on Friday, reaching $73.33. The company had a trading volume of 534,180 shares, compared to its average volume of 929,976. Direxion Daily TSM Bull 2X Shares has a 12-month low of $30.79 and a 12-month high of $106.32. The company has a market capitalization of $651.17 million, a price-to-earnings ratio of -3.40 and a beta of 2.98. The stock has a fifty day moving average of $85.46 and a 200-day moving average of $72.20.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.3574 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.43 dividend on an annualized basis and a yield of 1.9%. Direxion Daily TSM Bull 2X Shares’s payout ratio is -19.29%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

Several large investors have recently added to or reduced their stakes in TSMX. SG Americas Securities LLC increased its stake in shares of Direxion Daily TSM Bull 2X Shares by 633.5% in the 4th quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock worth $6,484,000 after acquiring an additional 113,400 shares during the last quarter. Jane Street Group LLC raised 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 acquiring an additional 28,888 shares during the period. HRT Financial LP acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the 4th quarter valued at about $216,000. Finally, Tower Research Capital LLC TRC boosted 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 valued at $123,000 after acquiring an additional 1,743 shares during 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.