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

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $81.42, but opened at $77.41. Direxion Daily TSM Bull 2X Shares shares last traded at $79.32, with a volume of 146,821 shares.

Direxion Daily TSM Bull 2X Shares Stock Performance

The firm has a market capitalization of $691.13 million, a PE ratio of -3.61 and a beta of 2.98. The company’s 50 day simple moving average is $85.57 and its 200-day simple moving average is $72.19.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.3574 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.43 annualized dividend and a dividend yield of 1.8%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is presently -19.29%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in TSMX. Jane Street Group LLC grew its position in Direxion Daily TSM Bull 2X Shares by 1.4% during the fourth quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock worth $556,000 after buying an additional 159 shares in the last quarter. Tower Research Capital LLC TRC increased its stake 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 worth $123,000 after acquiring an additional 1,743 shares during the last quarter. HRT Financial LP purchased a new stake in shares of Direxion Daily TSM Bull 2X Shares in the 4th quarter valued at about $216,000. Finally, SG Americas Securities LLC raised its holdings in shares of 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 acquiring an additional 113,400 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.