Short Interest in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Drops By 79.2%

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 10,636 shares, a drop of 79.2% from the January 15th total of 51,124 shares. Based on an average daily volume of 660,669 shares, the short-interest ratio is presently 0.0 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 660,669 shares, the short-interest ratio is presently 0.0 days.

Direxion Daily TSM Bull 2X Shares Stock Performance

Shares of NASDAQ:TSMX traded up $2.41 during midday trading on Tuesday, reaching $68.02. 820,744 shares of the company’s stock traded hands, compared to its average volume of 793,784. The company has a fifty day simple moving average of $54.05 and a two-hundred day simple moving average of $47.46. Direxion Daily TSM Bull 2X Shares has a 1 year low of $12.15 and a 1 year high of $69.16. The company has a market cap of $346.90 million, a P/E ratio of -3.15 and a beta of 7.50.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The business 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. This represents a $1.05 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, December 23rd. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is presently -18.32%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. grew its position in shares of Direxion Daily TSM Bull 2X Shares by 72.2% in the third quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock valued at $90,000 after purchasing an additional 798 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Direxion Daily TSM Bull 2X Shares by 85.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock worth $123,000 after buying an additional 1,743 shares during the last quarter. SG Americas Securities LLC acquired a new position in Direxion Daily TSM Bull 2X Shares during the third quarter worth $842,000. Cibc World Market Inc. acquired a new stake in shares of Direxion Daily TSM Bull 2X Shares in the 3rd quarter worth $892,000. Finally, Jane Street Group LLC acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the 1st quarter valued at about $543,000.

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.