Short Interest in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Rises By 145.3%

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 316,525 shares, an increase of 145.3% from the July 30th total of 129,045 shares. Based on an average daily volume of 556,729 shares, the short-interest ratio is presently 0.6 days. Currently, 3.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in shares of Direxion Daily TSM Bull 2X Shares in the first quarter worth $543,000. Tower Research Capital LLC TRC raised 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 acquiring an additional 1,743 shares in the last quarter. Finally, HRT Financial LP bought a new position in shares of Direxion Daily TSM Bull 2X Shares in the fourth quarter valued at approximately $216,000.

Direxion Daily TSM Bull 2X Shares Trading Down 0.6%

Shares of NASDAQ TSMX opened at $80.00 on Friday. Direxion Daily TSM Bull 2X Shares has a twelve month low of $31.18 and a twelve month high of $106.32. The firm has a 50-day moving average of $81.28 and a two-hundred day moving average of $75.34. The company has a market capitalization of $668 million, a price-to-earnings ratio of -3.71 and a beta of 3.16.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.3574 dividend. This represents a $1.43 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is -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.