Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Up 10% – Here’s Why

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX)’s share price shot up 10% during trading on Monday . The company traded as high as $93.01 and last traded at $92.42. 571,036 shares were traded during trading, a decline of 37% from the average session volume of 908,743 shares. The stock had previously closed at $84.05.

Direxion Daily TSM Bull 2X Shares Price Performance

The company has a market capitalization of $646.60 million, a price-to-earnings ratio of -4.22 and a beta of 3.33. The stock has a fifty day simple moving average of $71.28 and a 200-day simple moving average of $61.71.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TSMX. Jane Street Group LLC acquired a new position in Direxion Daily TSM Bull 2X Shares in the first quarter valued at approximately $543,000. Tower Research Capital LLC TRC lifted its holdings in 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 acquiring an additional 1,743 shares during the period. SBI Securities Co. Ltd. lifted its holdings in 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 acquiring an additional 798 shares during the period. Cibc World Market Inc. acquired a new position in Direxion Daily TSM Bull 2X Shares in the third quarter valued at approximately $892,000. Finally, SG Americas Securities LLC lifted 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 valued at $6,484,000 after acquiring an additional 113,400 shares during the period.

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.