Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Down – Time to Sell?

Shares of Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) gapped down before the market opened on Tuesday . The stock had previously closed at $102.53, but opened at $89.66. Direxion Daily TSM Bull 2X Shares shares last traded at $91.52, with a volume of 302,381 shares.

Direxion Daily TSM Bull 2X Shares Price Performance

The company has a market capitalization of $644.25 million, a price-to-earnings ratio of -4.21 and a beta of 3.19. The firm’s 50-day simple moving average is $80.83 and its two-hundred day simple moving average is $66.24.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.3574 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s payout ratio is -18.83%.

Hedge Funds Weigh In On Direxion Daily TSM Bull 2X Shares

Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in Direxion Daily TSM Bull 2X Shares by 85.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock worth $123,000 after purchasing an additional 1,743 shares during the last quarter. HRT Financial LP purchased a new stake in Direxion Daily TSM Bull 2X Shares during the fourth quarter worth $216,000. Jane Street Group LLC acquired a new stake in Direxion Daily TSM Bull 2X Shares in the first quarter valued at $543,000. Finally, SG Americas Securities LLC grew 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 purchasing an additional 113,400 shares during 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.