Short Interest in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Expands By 310.4%

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 51,124 shares, a growth of 310.4% from the December 31st total of 12,456 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 869,208 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 869,208 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.0% of the company’s shares are short sold.

Direxion Daily TSM Bull 2X Shares Stock Performance

Shares of NASDAQ TSMX traded down $2.17 during trading on Friday, hitting $58.32. 256,183 shares of the company traded hands, compared to its average volume of 776,035. The business’s fifty day moving average is $51.93 and its 200 day moving average is $45.91. Direxion Daily TSM Bull 2X Shares has a fifty-two week low of $12.15 and a fifty-two week high of $65.04. The firm has a market capitalization of $295.68 million, a price-to-earnings ratio of -2.71 and a beta of 7.50.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.2624 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $1.05 annualized dividend and a yield of 1.8%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is presently -18.32%.

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

Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in Direxion Daily TSM Bull 2X Shares in the 1st quarter valued at about $543,000. SBI Securities Co. Ltd. raised its position in Direxion Daily TSM Bull 2X Shares by 27,550.0% in the second 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 boosted its stake in 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 valued at $123,000 after acquiring an additional 1,743 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Direxion Daily TSM Bull 2X Shares during the 3rd quarter valued at approximately $842,000. Finally, Cibc World Market Inc. bought a new stake in shares of Direxion Daily TSM Bull 2X Shares in the 3rd quarter worth 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.