SG Americas Securities LLC Purchases 113,400 Shares of Direxion Daily TSM Bull 2X Shares $TSMX

SG Americas Securities LLC increased its holdings in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) by 633.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,300 shares of the company’s stock after buying an additional 113,400 shares during the period. SG Americas Securities LLC owned 2.64% of Direxion Daily TSM Bull 2X Shares worth $6,484,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its stake in Direxion Daily TSM Bull 2X Shares by 72.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock worth $90,000 after acquiring an additional 798 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of 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 valued at $123,000 after acquiring an additional 1,743 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Direxion Daily TSM Bull 2X Shares during the 1st quarter valued at about $543,000. Finally, Cibc World Market Inc. bought a new stake in shares of Direxion Daily TSM Bull 2X Shares during the 3rd quarter valued at about $892,000.

Direxion Daily TSM Bull 2X Shares Trading Up 13.8%

Shares of NASDAQ TSMX opened at $57.12 on Wednesday. The business has a 50-day moving average of $62.76 and a 200-day moving average of $54.50. The firm has a market capitalization of $291.31 million, a price-to-earnings ratio of -2.65 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 $78.56.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.2398 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, March 24th. Direxion Daily TSM Bull 2X Shares’s payout ratio is currently -18.83%.

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.