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

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the target of a large drop in short interest in 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. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 901,099 shares, the days-to-cover ratio is presently 0.1 days.

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

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC raised its stake in shares of Direxion Daily TSM Bull 2X Shares by 1.4% during the fourth 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 last quarter. HRT Financial LP purchased a new position in Direxion Daily TSM Bull 2X Shares in the 4th quarter valued at $216,000. SG Americas Securities LLC increased its stake 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 buying an additional 113,400 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in 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 buying an additional 1,743 shares during the period.

Direxion Daily TSM Bull 2X Shares Stock Down 10.6%

Shares of TSMX opened at $68.06 on Friday. The company has a market capitalization of $566.26 million, a price-to-earnings ratio of -3.16 and a beta of 2.98. Direxion Daily TSM Bull 2X Shares has a 52-week low of $30.79 and a 52-week high of $106.32. The stock has a 50 day moving average price of $85.88 and a 200 day moving average price of $71.25.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.3574 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, June 23rd. 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.