Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Update

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 12,456 shares, a drop of 64.8% from the December 15th total of 35,411 shares. Based on an average daily volume of 287,892 shares, the short-interest ratio is currently 0.0 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 287,892 shares, the short-interest ratio is currently 0.0 days.

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

Hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. raised its position in Direxion Daily TSM Bull 2X Shares by 27,550.0% during the second quarter. SBI Securities Co. Ltd. now owns 1,106 shares of the company’s stock worth $36,000 after acquiring an additional 1,102 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily TSM Bull 2X Shares by 85.2% during 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 in the last quarter. Jane Street Group LLC acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the 1st quarter worth approximately $543,000. SG Americas Securities LLC acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the 3rd quarter worth approximately $842,000. Finally, Cibc World Market Inc. purchased a new stake in Direxion Daily TSM Bull 2X Shares in the 3rd quarter valued at approximately $892,000.

Direxion Daily TSM Bull 2X Shares Stock Performance

TSMX opened at $58.47 on Tuesday. The company has a market cap of $280.66 million, a price-to-earnings ratio of -2.71 and a beta of 7.50. Direxion Daily TSM Bull 2X Shares has a one year low of $12.15 and a one year high of $58.99. The business’s fifty day moving average is $49.01 and its two-hundred day moving average is $43.73.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a $0.2624 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $1.05 annualized dividend and a dividend yield of 1.8%. Direxion Daily TSM Bull 2X Shares’s payout ratio is currently -18.32%.

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.