Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Trading 7.8% Higher – Here’s What Happened

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX)’s stock price traded up 7.8% during mid-day trading on Monday . The company traded as high as $88.57 and last traded at $88.00. 352,168 shares were traded during mid-day trading, a decline of 61% from the average session volume of 912,034 shares. The stock had previously closed at $81.65.

Direxion Daily TSM Bull 2X Shares Stock Up 6.3%

The business’s 50 day moving average is $73.78 and its 200-day moving average is $62.90. The firm has a market cap of $616.35 million, a P/E ratio of -4.03 and a beta of 3.19.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.2398 per share. This represents a $0.96 dividend on an annualized basis and a dividend 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 currently -18.83%.

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

A number of institutional investors have recently modified their holdings of the business. Jane Street Group LLC grew its position in shares of Direxion Daily TSM Bull 2X Shares by 1.4% during the 4th quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock valued at $556,000 after buying an additional 159 shares during the last quarter. HRT Financial LP bought a new stake in shares of Direxion Daily TSM Bull 2X Shares during the 4th quarter valued at about $216,000. SG Americas Securities LLC grew its position in shares of Direxion Daily TSM Bull 2X Shares by 633.5% during 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 last quarter. Cibc World Market Inc. bought a new stake in shares of Direxion Daily TSM Bull 2X Shares during the 3rd quarter valued at about $892,000. Finally, SBI Securities Co. Ltd. grew its position in shares of Direxion Daily TSM Bull 2X Shares by 72.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock valued at $90,000 after buying an additional 798 shares during the last quarter.

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.