Short Interest in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Increases By 290.1%

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 41,493 shares, an increase of 290.1% from the January 29th total of 10,636 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 833,611 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 833,611 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.8% of the shares of the company are sold short.

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

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC lifted 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 worth $6,484,000 after acquiring an additional 113,400 shares during the period. Jane Street Group LLC increased its stake in Direxion Daily TSM Bull 2X Shares by 101.0% in the second quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock valued at $1,865,000 after acquiring an additional 28,888 shares during the last quarter. Cibc World Market Inc. acquired a new position in Direxion Daily TSM Bull 2X Shares during the third quarter valued at approximately $892,000. HRT Financial LP acquired a new position in Direxion Daily TSM Bull 2X Shares during the fourth quarter valued at approximately $216,000. Finally, Tower Research Capital LLC TRC lifted its stake in 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 purchasing an additional 1,743 shares during the last quarter.

Direxion Daily TSM Bull 2X Shares Stock Down 5.5%

Shares of NASDAQ:TSMX opened at $73.22 on Friday. The stock has a market cap of $373.42 million, a PE ratio of -3.40 and a beta of 7.50. The business has a 50 day moving average of $59.59 and a 200-day moving average of $50.28. Direxion Daily TSM Bull 2X Shares has a 12-month low of $12.15 and a 12-month high of $78.56.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a $0.2624 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $1.05 annualized dividend and a yield of 1.4%. Direxion Daily TSM Bull 2X Shares’s payout ratio is -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.