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

Shares of Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) gapped down prior to trading on Friday . The stock had previously closed at $94.53, but opened at $88.17. Direxion Daily TSM Bull 2X Shares shares last traded at $87.94, with a volume of 252,022 shares changing hands.

Direxion Daily TSM Bull 2X Shares Stock Performance

The company has a market cap of $610.60 million, a PE ratio of -3.99 and a beta of 3.19. The company’s 50-day simple moving average is $73.37 and its 200 day simple moving average is $62.66.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC grew its position 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 buying an additional 159 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of Direxion Daily TSM Bull 2X Shares by 72.2% during the third quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock worth $90,000 after buying an additional 798 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Direxion Daily TSM Bull 2X Shares by 85.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock worth $123,000 after buying an additional 1,743 shares in the last quarter. HRT Financial LP acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the fourth quarter worth about $216,000. Finally, Cibc World Market Inc. acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the third quarter worth about $892,000.

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.