Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX) Sees Large Growth in Short Interest

Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 809,125 shares, a growth of 155.6% from the August 15th total of 316,525 shares. Based on an average trading volume of 389,641 shares, the days-to-cover ratio is currently 2.1 days. Approximately 9.7% of the shares of the stock are short sold.

Direxion Daily TSM Bull 2X ETF Price Performance

TSMX opened at $82.06 on Friday. The company has a market capitalization of $685.20 million, a price-to-earnings ratio of -3.81 and a beta of 3.13. Direxion Daily TSM Bull 2X ETF has a 1-year low of $40.48 and a 1-year high of $106.32. The business has a 50 day moving average price of $78.28 and a two-hundred day moving average price of $76.07.

Institutional Trading of Direxion Daily TSM Bull 2X ETF

Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Direxion Daily TSM Bull 2X ETF by 85.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock valued at $123,000 after buying an additional 1,743 shares during the period. HRT Financial LP acquired a new position in Direxion Daily TSM Bull 2X ETF during the fourth quarter worth about $216,000. Finally, Jane Street Group LLC bought a new stake in Direxion Daily TSM Bull 2X ETF in the first quarter worth about $543,000.

Direxion Daily TSM Bull 2X ETF 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.