Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Reaches New 12-Month High – Should You Buy?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $85.93 and last traded at $84.25, with a volume of 1910670 shares. The stock had previously closed at $77.46.

Direxion Daily TSM Bull 2X Shares Stock Up 8.8%

The firm’s 50-day moving average price is $66.41 and its 200 day moving average price is $59.23. The firm has a market cap of $598.18 million, a P/E ratio of -3.91 and a beta of 3.33.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.2398 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.96 annualized dividend and a yield of 1.1%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is presently -18.83%.

Institutional Investors Weigh In On Direxion Daily TSM Bull 2X Shares

Institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its holdings in 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 worth $90,000 after purchasing an additional 798 shares during the period. Tower Research Capital LLC TRC lifted its holdings 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 worth $123,000 after purchasing an additional 1,743 shares during the period. HRT Financial LP acquired a new stake in Direxion Daily TSM Bull 2X Shares in the fourth quarter worth about $216,000. Jane Street Group LLC lifted its holdings in Direxion Daily TSM Bull 2X Shares by 1.4% in the fourth quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock worth $556,000 after purchasing an additional 159 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Direxion Daily TSM Bull 2X Shares in the third quarter worth about $842,000.

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.