Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Down – Here’s What Happened

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) gapped down before the market opened on Tuesday . The stock had previously closed at $71.65, but opened at $66.44. Direxion Daily TSM Bull 2X Shares shares last traded at $66.90, with a volume of 326,654 shares.

Direxion Daily TSM Bull 2X Shares Price Performance

The business’s fifty day moving average price is $84.98 and its 200 day moving average price is $72.59. The stock has a market cap of $544.34 million, a P/E ratio of -2.92 and a beta of 2.98.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The business also recently disclosed 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. This represents a $1.43 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is currently -19.29%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily TSM Bull 2X Shares by 85.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock worth $123,000 after buying an additional 1,743 shares during the last quarter. HRT Financial LP bought a new position in shares of Direxion Daily TSM Bull 2X Shares in the 4th quarter valued at $216,000. Jane Street Group LLC bought a new position in shares of Direxion Daily TSM Bull 2X Shares in the 1st quarter valued at $543,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Direxion Daily TSM Bull 2X Shares by 633.5% during the 4th quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock valued at $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.