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 stock traded as high as $101.28 and last traded at $100.24, with a volume of 1136971 shares trading hands. The stock had previously closed at $88.09.

Direxion Daily TSM Bull 2X Shares Price Performance

The firm’s 50 day moving average price is $79.43 and its 200-day moving average price is $65.49. The firm has a market cap of $711.70 million, a price-to-earnings ratio of -4.65 and a beta of 3.19.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued 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 dividend payout ratio is -18.83%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its stake in shares of Direxion Daily TSM Bull 2X Shares 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 bought a new stake in shares of Direxion Daily TSM Bull 2X Shares in the 4th quarter worth approximately $216,000. Jane Street Group LLC acquired a new stake in shares of Direxion Daily TSM Bull 2X Shares during the 1st quarter worth approximately $543,000. Finally, SG Americas Securities LLC increased 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 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.