Client First Investment Management LLC Has $993,000 Stock Holdings in Direxion Daily TSM Bull 2X Shares $TSMX

Client First Investment Management LLC reduced its stake in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) by 58.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,116 shares of the company’s stock after selling 29,315 shares during the period. Direxion Daily TSM Bull 2X Shares accounts for 0.5% of Client First Investment Management LLC’s holdings, making the stock its 22nd biggest holding. Client First Investment Management LLC’s holdings in Direxion Daily TSM Bull 2X Shares were worth $993,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its position in shares of Direxion Daily TSM Bull 2X Shares by 27,550.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,106 shares of the company’s stock worth $36,000 after purchasing an additional 1,102 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in 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 buying an additional 1,743 shares during the period. Finally, Jane Street Group LLC acquired a new position in Direxion Daily TSM Bull 2X Shares during the 1st quarter worth approximately $543,000.

Direxion Daily TSM Bull 2X Shares Stock Performance

Shares of NASDAQ:TSMX opened at $47.30 on Wednesday. Direxion Daily TSM Bull 2X Shares has a 52-week low of $12.15 and a 52-week high of $57.04. The business’s 50 day simple moving average is $49.14 and its two-hundred day simple moving average is $41.51. The firm has a market cap of $227.04 million, a P/E ratio of -2.19 and a beta of 7.50.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd will be given a $0.2624 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $1.05 annualized dividend and a yield of 2.2%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is presently -17.86%.

Direxion Daily TSM Bull 2X Shares 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.