Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Down 51.7% in July

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 129,045 shares, a drop of 51.7% from the July 15th total of 267,227 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 829,971 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily TSM Bull 2X Shares Price Performance

NASDAQ TSMX opened at $80.60 on Monday. The stock has a market cap of $673.01 million, a PE ratio of -3.74 and a beta of 3.16. Direxion Daily TSM Bull 2X Shares has a fifty-two week low of $30.79 and a fifty-two week high of $106.32. The business has a 50 day moving average price of $83.12 and a two-hundred day moving average price of $74.21.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.3574 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $1.43 annualized dividend and a dividend yield of 1.8%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is currently -19.29%.

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

A number of hedge funds have recently bought and sold shares of TSMX. Jane Street Group LLC grew its holdings in Direxion Daily TSM Bull 2X Shares by 1.4% during the 4th 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. HRT Financial LP bought a new position in shares of Direxion Daily TSM Bull 2X Shares during the fourth quarter worth about $216,000. Finally, Tower Research Capital LLC TRC grew its stake 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 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.