Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Down 50.2% in June

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 45,333 shares, a drop of 50.2% from the June 15th total of 91,002 shares. Based on an average trading volume of 901,099 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.6% of the company’s stock are short sold.

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

A number of institutional investors and hedge funds have recently bought and sold shares of TSMX. Jane Street Group LLC lifted its stake 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 valued at $556,000 after acquiring an additional 159 shares in the last quarter. HRT Financial LP bought a new stake in shares of Direxion Daily TSM Bull 2X Shares in the 4th quarter worth $216,000. SG Americas Securities LLC grew its stake 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 worth $6,484,000 after acquiring an additional 113,400 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of 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 valued at $123,000 after purchasing an additional 1,743 shares during the last quarter.

Direxion Daily TSM Bull 2X Shares Stock Performance

TSMX traded down $3.51 during midday trading on Wednesday, reaching $76.87. 682,613 shares of the company were exchanged, compared to its average volume of 926,749. The company’s fifty day moving average price is $86.14 and its 200 day moving average price is $70.83. The company has a market cap of $611.12 million, a price-to-earnings ratio of -3.57 and a beta of 2.98. Direxion Daily TSM Bull 2X Shares has a one year low of $30.79 and a one year high of $106.32.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.3574 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.43 annualized dividend and a dividend yield of 1.9%. Direxion Daily TSM Bull 2X Shares’s payout ratio is presently -19.29%.

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.