Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Up – Here’s What Happened

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) gapped up before the market opened on Monday . The stock had previously closed at $100.24, but opened at $106.00. Direxion Daily TSM Bull 2X Shares shares last traded at $103.73, with a volume of 298,685 shares changing hands.

Direxion Daily TSM Bull 2X Shares Stock Performance

The business has a fifty day simple moving average of $80.11 and a 200-day simple moving average of $65.86. The firm has a market cap of $730.24 million, a price-to-earnings ratio of -4.77 and a beta of 3.19.

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

A number of institutional investors have recently added to or reduced their stakes in TSMX. Tower Research Capital LLC TRC increased 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 valued at $123,000 after acquiring an additional 1,743 shares during the period. HRT Financial LP bought a new stake in shares of Direxion Daily TSM Bull 2X Shares in the fourth quarter worth $216,000. Jane Street Group LLC acquired a new stake in Direxion Daily TSM Bull 2X Shares in the first quarter valued at $543,000. Finally, SG Americas Securities LLC increased its holdings in Direxion Daily TSM Bull 2X Shares by 633.5% in the fourth quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock valued at $6,484,000 after purchasing an additional 113,400 shares during the period.

About Direxion Daily TSM Bull 2X Shares

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.