Short Interest in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Decreases By 79.2%

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 10,636 shares, a decrease of 79.2% from the January 15th total of 51,124 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 660,669 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 660,669 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.2% of the shares of the company are short sold.

Direxion Daily TSM Bull 2X Shares Price Performance

NASDAQ:TSMX traded up $2.41 during mid-day trading on Tuesday, hitting $68.02. The company’s stock had a trading volume of 820,744 shares, compared to its average volume of 793,784. The stock has a market cap of $346.90 million, a price-to-earnings ratio of -3.15 and a beta of 7.50. The business’s fifty day moving average is $54.05 and its two-hundred day moving average is $47.46. Direxion Daily TSM Bull 2X Shares has a 1 year low of $12.15 and a 1 year high of $69.16.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.2624 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.05 dividend on an annualized basis and a yield of 1.5%. Direxion Daily TSM Bull 2X Shares’s payout ratio is presently -18.32%.

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

Several institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Direxion Daily TSM Bull 2X Shares during the third quarter valued at $842,000. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily TSM Bull 2X Shares by 27,550.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,106 shares of the company’s stock worth $36,000 after acquiring an additional 1,102 shares during the period. Jane Street Group LLC boosted its stake 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 in the last quarter. Cibc World Market Inc. acquired a new stake in shares of Direxion Daily TSM Bull 2X Shares during the 3rd quarter valued at about $892,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily TSM Bull 2X Shares by 85.2% in the 2nd 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 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.