Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX) Sees Large Growth in Short Interest

Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 809,125 shares, a growth of 155.6% from the August 15th total of 316,525 shares. Based on an average daily trading volume, of 389,641 shares, the days-to-cover ratio is presently 2.1 days. Approximately 9.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TSMX. Jane Street Group LLC lifted its holdings in Direxion Daily TSM Bull 2X ETF by 101.0% in the second quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock worth $1,865,000 after purchasing an additional 28,888 shares during the period. HRT Financial LP bought a new position in Direxion Daily TSM Bull 2X ETF in the 4th quarter valued at about $216,000. Finally, Tower Research Capital LLC TRC increased its stake in Direxion Daily TSM Bull 2X ETF by 85.2% during 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 period.

Direxion Daily TSM Bull 2X ETF Price Performance

TSMX opened at $82.06 on Friday. The stock’s 50 day moving average price is $78.28 and its 200 day moving average price is $76.07. The stock has a market cap of $685.20 million, a P/E ratio of -3.81 and a beta of 3.13. Direxion Daily TSM Bull 2X ETF has a 12 month low of $40.48 and a 12 month high of $106.32.

Direxion Daily TSM Bull 2X ETF 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.