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

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX)’s share price 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 traded.

Direxion Daily TSM Bull 2X Shares Trading Up 2.6%

The firm has a 50-day moving average of $80.11 and a two-hundred day moving average of $65.86. The firm has a market capitalization of $730.24 million, a P/E ratio of -4.77 and a beta of 3.19.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in Direxion Daily TSM Bull 2X Shares by 633.5% in the 4th 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 last quarter. Jane Street Group LLC grew its stake in shares of Direxion Daily TSM Bull 2X Shares by 101.0% during the second 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 last quarter. HRT Financial LP acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the fourth quarter worth $216,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Direxion Daily TSM Bull 2X Shares by 85.2% during the second 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.