Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Down – Should You Sell?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $102.53, but opened at $89.66. Direxion Daily TSM Bull 2X Shares shares last traded at $91.52, with a volume of 302,381 shares changing hands.

Direxion Daily TSM Bull 2X Shares Trading Up 1.9%

The firm has a market cap of $641.49 million, a price-to-earnings ratio of -4.19 and a beta of 3.19. The company’s 50-day moving average is $81.69 and its 200-day moving average is $66.80.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.3574 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is currently -18.83%.

Hedge Funds Weigh In On Direxion Daily TSM Bull 2X Shares

Several hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its position in shares of Direxion Daily TSM Bull 2X Shares by 633.5% during the 4th quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock worth $6,484,000 after buying an additional 113,400 shares during the last quarter. Jane Street Group LLC grew its position in Direxion Daily TSM Bull 2X Shares by 101.0% in the second quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock valued at $1,865,000 after acquiring an additional 28,888 shares during the last quarter. HRT Financial LP acquired a new position in Direxion Daily TSM Bull 2X Shares during the fourth quarter worth about $216,000. Finally, Tower Research Capital LLC TRC lifted its holdings 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 worth $123,000 after acquiring an additional 1,743 shares during the last quarter.

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.