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 the month of August. As of August 14th, there was short interest totaling 316,525 shares, an increase of 145.3% from the July 30th total of 129,045 shares. Approximately 3.8% of the company’s shares are short sold. Based on an average trading volume of 556,729 shares, the short-interest ratio is currently 0.6 days.

Direxion Daily TSM Bull 2X Shares Trading Down 0.6%

Shares of Direxion Daily TSM Bull 2X Shares stock opened at $80.00 on Friday. The stock has a market capitalization of $668 million, a P/E ratio of -3.71 and a beta of 3.16. The business’s fifty day moving average price is $81.28 and its 200 day moving average price is $75.34. Direxion Daily TSM Bull 2X Shares has a twelve month low of $31.18 and a twelve month high of $106.32.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.3574 dividend. The ex-dividend date of this dividend 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 is presently -19.29%.

Hedge Funds Weigh In On Direxion Daily TSM Bull 2X Shares

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of 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 worth $123,000 after purchasing an additional 1,743 shares during the last quarter. HRT Financial LP acquired a new position in Direxion Daily TSM Bull 2X Shares in the fourth quarter worth about $216,000. Finally, Jane Street Group LLC acquired a new position in Direxion Daily TSM Bull 2X Shares in the first quarter worth about $543,000.

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.