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

Shares of Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) traded up 7.8% during trading on Monday . The company traded as high as $88.57 and last traded at $88.00. 352,168 shares changed hands 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 Trading Up 6.3%

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

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.2398 dividend. 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 (DPR) is currently -18.83%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

A number of hedge funds have recently made changes to their positions in TSMX. SG Americas Securities LLC lifted its position in shares of 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 in the last quarter. Jane Street Group LLC increased its stake in Direxion Daily TSM Bull 2X Shares by 101.0% during the 2nd quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock worth $1,865,000 after buying an additional 28,888 shares during the period. Cibc World Market Inc. purchased a new stake in Direxion Daily TSM Bull 2X Shares during the 3rd quarter worth $892,000. HRT Financial LP purchased a new position in Direxion Daily TSM Bull 2X Shares in the 4th quarter valued at about $216,000. Finally, Tower Research Capital LLC TRC boosted 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 buying an additional 1,743 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.