Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Reaches New 1-Year High – Should You Buy?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) shares reached a new 52-week high on Friday . The company traded as high as $101.28 and last traded at $100.24, with a volume of 1136971 shares. The stock had previously closed at $88.09.

Direxion Daily TSM Bull 2X Shares Trading Up 13.8%

The stock has a market cap of $711.70 million, a P/E ratio of -4.65 and a beta of 3.19. The company’s fifty day simple moving average is $79.43 and its 200-day simple moving average is $65.49.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.2398 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.96 dividend on an annualized basis and a yield of 1.0%. Direxion Daily TSM Bull 2X Shares’s payout ratio is presently -18.83%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its stake in Direxion Daily TSM Bull 2X Shares by 633.5% during the fourth quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock worth $6,484,000 after purchasing an additional 113,400 shares during the period. Jane Street Group LLC grew its stake in shares of Direxion Daily TSM Bull 2X Shares by 101.0% in the 2nd quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock valued at $1,865,000 after purchasing an additional 28,888 shares during the period. HRT Financial LP acquired a new position in shares of Direxion Daily TSM Bull 2X Shares in the 4th quarter worth approximately $216,000. Finally, Tower Research Capital LLC TRC raised its holdings 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 worth $123,000 after buying an additional 1,743 shares in 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.