Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Sees Large Decrease in Short Interest

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 45,333 shares, a drop of 50.2% from the June 15th total of 91,002 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 901,099 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Direxion Daily TSM Bull 2X Shares

A number of large investors have recently added to or reduced their stakes in TSMX. Jane Street Group LLC grew its stake in shares of Direxion Daily TSM Bull 2X Shares by 1.4% in the fourth quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock valued at $556,000 after acquiring an additional 159 shares in the last quarter. HRT Financial LP bought a new stake in Direxion Daily TSM Bull 2X Shares in the 4th quarter valued at about $216,000. SG Americas Securities LLC boosted its holdings in Direxion Daily TSM Bull 2X Shares by 633.5% in the 4th 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 period. Finally, Tower Research Capital LLC TRC grew its position in shares of 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 purchasing an additional 1,743 shares in the last quarter.

Direxion Daily TSM Bull 2X Shares Stock Performance

TSMX traded down $5.45 during trading on Thursday, reaching $74.61. 1,754,367 shares of the company’s stock were exchanged, compared to its average volume of 936,041. Direxion Daily TSM Bull 2X Shares has a fifty-two week low of $30.79 and a fifty-two week high of $106.32. The company’s fifty day moving average price is $86.03 and its 200-day moving average price is $71.05. The firm has a market capitalization of $593.15 million, a PE ratio of -3.46 and a beta of 2.98.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 annualized dividend and a dividend yield of 1.9%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is currently -19.29%.

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.