Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Sees Significant Growth in Short Interest

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 28,400 shares, a growth of 504.3% from the September 15th total of 4,700 shares. Based on an average daily volume of 480,100 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 480,100 shares, the days-to-cover ratio is presently 0.1 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its stake in Direxion Daily TSM Bull 2X Shares by 27,550.0% during 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 last quarter. Tower Research Capital LLC TRC increased 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 acquiring an additional 1,743 shares during the last quarter. Jane Street Group LLC acquired a new stake in Direxion Daily TSM Bull 2X Shares during the first quarter worth about $543,000. Finally, Client First Investment Management LLC acquired a new stake in Direxion Daily TSM Bull 2X Shares during the second quarter worth about $1,636,000.

Direxion Daily TSM Bull 2X Shares Trading Down 3.5%

Direxion Daily TSM Bull 2X Shares stock opened at $51.36 on Friday. The firm has a market capitalization of $223.42 million and a P/E ratio of -2.38. The stock has a fifty day moving average price of $42.04 and a 200 day moving average price of $31.84. Direxion Daily TSM Bull 2X Shares has a 52 week low of $12.15 and a 52 week high of $57.04.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were paid a dividend of $0.1917 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $0.77 annualized dividend and a yield of 1.5%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is currently -3.43%.

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.