Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX) Shares Gap Up – Still a Buy?

Shares of Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX) gapped up before the market opened on Wednesday. The stock had previously closed at $65.00, but opened at $71.17. Direxion Daily TSM Bull 2X ETF shares last traded at $69.8340, with a volume of 308,077 shares trading hands.

Direxion Daily TSM Bull 2X ETF Price Performance

The business has a fifty day moving average of $80.23 and a 200-day moving average of $75.61. The stock has a market capitalization of $513.19 million, a price-to-earnings ratio of -3.31 and a beta of 3.19.

About Direxion Daily TSM Bull 2X ETF

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.