Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Update

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 267,227 shares, an increase of 489.5% from the June 30th total of 45,333 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,019,573 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in shares of 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 valued at $556,000 after acquiring an additional 159 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings 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 valued at $123,000 after purchasing an additional 1,743 shares during the period. HRT Financial LP acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the 4th quarter worth approximately $216,000. Finally, SG Americas Securities LLC grew its position in shares of Direxion Daily TSM Bull 2X Shares by 633.5% during the 4th quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock worth $6,484,000 after purchasing an additional 113,400 shares in the last quarter.

Direxion Daily TSM Bull 2X Shares Trading Up 3.0%

NASDAQ:TSMX opened at $75.54 on Monday. The business’s 50-day moving average price is $85.46 and its two-hundred day moving average price is $72.32. Direxion Daily TSM Bull 2X Shares has a 1-year low of $30.79 and a 1-year high of $106.32. The firm has a market capitalization of $670.80 million, a price-to-earnings ratio of -3.50 and a beta of 2.98.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.3574 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $1.43 annualized dividend and a yield of 1.9%. Direxion Daily TSM Bull 2X Shares’s payout ratio is -19.29%.

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.