Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Sees Significant Increase in Short Interest

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 51,124 shares, an increase of 310.4% from the December 31st total of 12,456 shares. Based on an average daily volume of 869,208 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.0% of the company’s shares are sold short. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 869,208 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its stake in Direxion Daily TSM Bull 2X Shares by 633.5% during the fourth quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock worth $6,484,000 after purchasing an additional 113,400 shares during the period. Jane Street Group LLC raised its position in shares of Direxion Daily TSM Bull 2X Shares by 101.0% in the 2nd quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock worth $1,865,000 after buying an additional 28,888 shares during the period. Cibc World Market Inc. purchased a new position in shares of Direxion Daily TSM Bull 2X Shares in the 3rd quarter worth $892,000. Tower Research Capital LLC TRC boosted its holdings 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 valued at $123,000 after acquiring an additional 1,743 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in Direxion Daily TSM Bull 2X Shares by 72.2% during the third quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock valued at $90,000 after acquiring an additional 798 shares during the period.

Direxion Daily TSM Bull 2X Shares Stock Up 3.2%

Shares of NASDAQ:TSMX opened at $60.10 on Wednesday. The company has a market cap of $293.29 million, a P/E ratio of -2.79 and a beta of 7.50. The business has a fifty day simple moving average of $51.30 and a 200-day simple moving average of $45.70. Direxion Daily TSM Bull 2X Shares has a 52 week low of $12.15 and a 52 week high of $65.04.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.2624 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.7%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is currently -18.32%.

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.