Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Down 75.5% in March

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 28,620 shares, a drop of 75.5% from the March 15th total of 116,703 shares. Based on an average daily trading volume, of 697,719 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.5% of the shares of the company are short sold.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in Direxion Daily TSM Bull 2X Shares in the 1st quarter valued at approximately $543,000. Tower Research Capital LLC TRC boosted its holdings in Direxion Daily TSM Bull 2X Shares by 85.2% in the 2nd 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 in the last quarter. SG Americas Securities LLC purchased a new stake in Direxion Daily TSM Bull 2X Shares in the 3rd quarter valued at approximately $842,000. SBI Securities Co. Ltd. boosted its holdings in Direxion Daily TSM Bull 2X Shares by 72.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock valued at $90,000 after purchasing an additional 798 shares in the last quarter. 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 Up 2.5%

NASDAQ TSMX opened at $68.02 on Friday. Direxion Daily TSM Bull 2X Shares has a 52-week low of $14.10 and a 52-week high of $78.56. The business’s 50-day moving average price is $63.19 and its 200 day moving average price is $55.37. The firm has a market cap of $399.96 million, a P/E ratio of -3.15 and a beta of 3.54.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.2398 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is currently -18.83%.

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.