Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Up 125.3% in June

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 91,002 shares, a growth of 125.3% from the May 31st total of 40,387 shares. Based on an average trading volume of 903,841 shares, the short-interest ratio is presently 0.1 days. Approximately 1.3% of the company’s stock are sold short.

Direxion Daily TSM Bull 2X Shares Trading Up 2.5%

NASDAQ TSMX traded up $2.16 on Monday, hitting $88.81. 221,663 shares of the company were exchanged, compared to its average volume of 911,736. The company has a market cap of $630.55 million, a PE ratio of -4.12 and a beta of 3.19. The stock has a fifty day moving average of $82.36 and a 200-day moving average of $67.31. Direxion Daily TSM Bull 2X Shares has a 12 month low of $30.79 and a 12 month high of $106.32.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.3574 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $1.43 annualized dividend and a dividend yield of 1.6%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is currently -19.29%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position 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 buying an additional 1,743 shares in the last quarter. HRT Financial LP acquired a new position in Direxion Daily TSM Bull 2X Shares during the 4th quarter worth approximately $216,000. Jane Street Group LLC boosted 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 acquiring an additional 159 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Direxion Daily TSM Bull 2X Shares by 633.5% in the fourth quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock worth $6,484,000 after acquiring an additional 113,400 shares in the last quarter.

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.