Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Trading 9.4% Higher – Time to Buy?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) shares traded up 9.4% on Thursday . The stock traded as high as $84.87 and last traded at $84.72. 849,306 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 909,990 shares. The stock had previously closed at $77.46.

Direxion Daily TSM Bull 2X Shares Stock Down 6.2%

The stock has a market capitalization of $560.83 million, a P/E ratio of -3.66 and a beta of 3.33. The firm’s 50 day simple moving average is $66.67 and its two-hundred day simple moving average is $59.37.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.2398 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, March 24th. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is currently -18.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC grew its holdings in shares of Direxion Daily TSM Bull 2X Shares by 633.5% during the fourth quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock valued at $6,484,000 after buying an additional 113,400 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Direxion Daily TSM Bull 2X Shares by 101.0% during the second quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock valued at $1,865,000 after buying an additional 28,888 shares during the last quarter. Cibc World Market Inc. acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the third quarter valued at about $892,000. HRT Financial LP acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the fourth quarter valued at about $216,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of 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 valued at $123,000 after buying an additional 1,743 shares during the last quarter.

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.