Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Up – Should You Buy?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $72.70, but opened at $78.36. Direxion Daily TSM Bull 2X Shares shares last traded at $72.69, with a volume of 335,008 shares changing hands.

Direxion Daily TSM Bull 2X Shares Stock Up 0.4%

The stock has a fifty day moving average of $84.84 and a 200-day moving average of $72.71. The firm has a market capitalization of $631.10 million, a P/E ratio of -3.38 and a beta of 2.98.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 2.0%. Direxion Daily TSM Bull 2X Shares’s payout ratio is currently -19.29%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

Several hedge funds have recently modified their holdings of the stock. Jane Street Group LLC raised its position in Direxion Daily TSM Bull 2X Shares by 1.4% in 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 last quarter. HRT Financial LP acquired a new stake in shares of Direxion Daily TSM Bull 2X Shares in the 4th quarter valued at $216,000. Finally, Tower Research Capital LLC TRC increased 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 buying an additional 1,743 shares during the period.

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.