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

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 31,878 shares, a decrease of 87.7% from the April 30th total of 258,642 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,269,622 shares, the days-to-cover ratio is currently 0.0 days.

Direxion Daily TSM Bull 2X Shares Price Performance

Shares of TSMX traded down $2.47 during mid-day trading on Friday, reaching $84.05. 654,383 shares of the company’s stock traded hands, compared to its average volume of 914,952. The stock has a market cap of $596.76 million, a P/E ratio of -3.90 and a beta of 3.33. The stock’s 50-day moving average is $70.62 and its two-hundred day moving average is $61.34. Direxion Daily TSM Bull 2X Shares has a 12 month low of $23.40 and a 12 month high of $88.82.

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 $0.2398 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.1%. Direxion Daily TSM Bull 2X Shares’s payout ratio is presently -18.83%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

Large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily TSM Bull 2X Shares by 72.2% in the third quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock valued at $90,000 after purchasing an additional 798 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Direxion Daily TSM Bull 2X Shares by 85.2% in the second 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 purchased a new stake in shares of Direxion Daily TSM Bull 2X Shares in the fourth quarter valued at approximately $216,000. Jane Street Group LLC purchased a new stake in shares of Direxion Daily TSM Bull 2X Shares in the first quarter valued at approximately $543,000. Finally, Cibc World Market Inc. purchased a new stake in shares of Direxion Daily TSM Bull 2X Shares in the third quarter valued at approximately $892,000.

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.