Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Reaches New 12-Month High – Should You Buy?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) hit a new 52-week high on Friday . The company traded as high as $85.93 and last traded at $84.25, with a volume of 1910670 shares changing hands. The stock had previously closed at $77.46.

Direxion Daily TSM Bull 2X Shares Stock Performance

The company has a market capitalization of $598.18 million, a price-to-earnings ratio of -3.91 and a beta of 3.33. The stock’s fifty day simple moving average is $66.41 and its two-hundred day simple moving average is $59.23.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.2398 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, March 24th. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is presently -18.83%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of TSMX. SBI Securities Co. Ltd. lifted its holdings in Direxion Daily TSM Bull 2X Shares by 72.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock valued at $90,000 after acquiring an additional 798 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings 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 acquiring an additional 1,743 shares during the last quarter. HRT Financial LP acquired a new stake in Direxion Daily TSM Bull 2X Shares in the 4th quarter valued at about $216,000. Jane Street Group LLC acquired a new stake in Direxion Daily TSM Bull 2X Shares in the 1st quarter valued at about $543,000. Finally, SG Americas Securities LLC acquired a new stake in Direxion Daily TSM Bull 2X Shares in the 3rd quarter valued at about $842,000.

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.