Short Interest in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Grows By 200.3%

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 124,612 shares, a growth of 200.3% from the February 12th total of 41,493 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 530,066 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 530,066 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TSMX. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily TSM Bull 2X Shares by 27,550.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,106 shares of the company’s stock valued at $36,000 after purchasing an additional 1,102 shares during the period. Tower Research Capital LLC TRC grew its holdings 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 period. HRT Financial LP acquired a new position in Direxion Daily TSM Bull 2X Shares during the fourth quarter worth approximately $216,000. Jane Street Group LLC acquired a new position in Direxion Daily TSM Bull 2X Shares during the first quarter worth approximately $543,000. Finally, SG Americas Securities LLC bought a new stake in Direxion Daily TSM Bull 2X Shares in the third quarter valued at approximately $842,000.

Direxion Daily TSM Bull 2X Shares Trading Down 1.3%

NASDAQ TSMX opened at $61.41 on Wednesday. The company has a market cap of $313.19 million, a PE ratio of -2.85 and a beta of 7.50. Direxion Daily TSM Bull 2X Shares has a 12 month low of $12.15 and a 12 month high of $78.56. The stock has a 50 day moving average of $62.35 and a 200-day moving average of $52.19.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.2624 per share. This represents a $1.05 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, December 23rd. Direxion Daily TSM Bull 2X Shares’s dividend 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.