Short Interest in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Grows By 125.3%

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 91,002 shares, a growth of 125.3% from the May 31st total of 40,387 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 903,841 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

Large investors have recently modified their holdings of the stock. Jane Street Group LLC increased its holdings in Direxion Daily TSM Bull 2X Shares by 1.4% during the 4th quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock worth $556,000 after purchasing an additional 159 shares during the period. Tower Research Capital LLC TRC raised its stake in 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 worth $123,000 after acquiring an additional 1,743 shares in the last quarter. HRT Financial LP purchased a new stake in shares of Direxion Daily TSM Bull 2X Shares in the 4th quarter valued at about $216,000. Finally, SG Americas Securities LLC lifted its stake 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 buying an additional 113,400 shares during the last quarter.

Direxion Daily TSM Bull 2X Shares Stock Performance

Shares of Direxion Daily TSM Bull 2X Shares stock traded down $11.97 on Wednesday, reaching $92.80. The company had a trading volume of 818,286 shares, compared to its average volume of 916,696. The firm has a market cap of $658.88 million, a PE ratio of -4.30 and a beta of 3.19. The firm’s 50 day moving average price is $83.71 and its two-hundred day moving average price is $67.98. Direxion Daily TSM Bull 2X Shares has a 52-week low of $30.79 and a 52-week high of $106.32.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.3574 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.43 dividend on an annualized basis and a dividend yield of 1.5%. Direxion Daily TSM Bull 2X Shares’s payout ratio is presently -19.29%.

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.