Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Down 38.3% in December

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 35,411 shares, a decrease of 38.3% from the November 30th total of 57,354 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 372,448 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 372,448 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.7% of the shares of the company are short sold.

Direxion Daily TSM Bull 2X Shares Trading Up 2.5%

Shares of NASDAQ TSMX opened at $49.06 on Monday. The company has a market cap of $235.49 million, a price-to-earnings ratio of -2.28 and a beta of 7.50. Direxion Daily TSM Bull 2X Shares has a 12-month low of $12.15 and a 12-month high of $57.04. The stock’s 50 day simple moving average is $48.84 and its 200 day simple moving average is $41.92.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be paid a $0.2624 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, December 23rd. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is presently -18.32%.

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

Several institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily TSM Bull 2X Shares by 27,550.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,106 shares of the company’s stock worth $36,000 after acquiring an additional 1,102 shares during the period. Tower Research Capital LLC TRC grew its position 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 purchasing an additional 1,743 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Direxion Daily TSM Bull 2X Shares in the first quarter valued at approximately $543,000. SG Americas Securities LLC acquired a new stake in shares of Direxion Daily TSM Bull 2X Shares in the third quarter valued at approximately $842,000. Finally, Cibc World Market Inc. bought a new stake in shares of Direxion Daily TSM Bull 2X Shares during the third quarter valued at approximately $892,000.

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.