Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Down 51.7% in July

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 129,045 shares, a decrease of 51.7% from the July 15th total of 267,227 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 829,971 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily TSM Bull 2X Shares Trading Down 2.1%

NASDAQ:TSMX opened at $80.60 on Friday. The firm has a market capitalization of $673.01 million, a PE ratio of -3.74 and a beta of 3.16. Direxion Daily TSM Bull 2X Shares has a 1 year low of $30.79 and a 1 year high of $106.32. The firm’s fifty day simple moving average is $83.12 and its 200 day simple moving average is $74.10.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The firm also recently declared 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 currently -19.29%.

Hedge Funds Weigh In On Direxion Daily TSM Bull 2X Shares

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its position 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 worth $123,000 after purchasing an additional 1,743 shares during the last quarter. HRT Financial LP acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the fourth quarter valued at about $216,000. Finally, Jane Street Group LLC acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the first quarter valued at about $543,000.

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.