Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Down – Time to Sell?

Shares of Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) gapped down prior to trading on Tuesday . The stock had previously closed at $102.53, but opened at $89.66. Direxion Daily TSM Bull 2X Shares shares last traded at $91.52, with a volume of 302,381 shares traded.

Direxion Daily TSM Bull 2X Shares Stock Down 11.5%

The company’s fifty day moving average price is $80.83 and its two-hundred day moving average price is $66.24. The firm has a market cap of $644.25 million, a PE ratio of -4.21 and a beta of 3.19.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.3574 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s payout ratio is currently -18.83%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its holdings in shares of Direxion Daily TSM Bull 2X Shares by 633.5% in the 4th 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 period. Jane Street Group LLC grew its holdings in 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 worth $1,865,000 after acquiring an additional 28,888 shares during the period. HRT Financial LP purchased a new position in Direxion Daily TSM Bull 2X Shares in the fourth quarter worth $216,000. Finally, Tower Research Capital LLC TRC raised its position 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 acquiring an additional 1,743 shares in 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.