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 during 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. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 869,208 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 869,208 shares, the short-interest ratio is currently 0.1 days. Currently, 1.0% of the company’s stock are short sold.

Direxion Daily TSM Bull 2X Shares Stock Performance

Shares of NASDAQ TSMX opened at $60.10 on Wednesday. Direxion Daily TSM Bull 2X Shares has a 1 year low of $12.15 and a 1 year high of $65.04. The stock’s 50-day simple moving average is $51.30 and its 200-day simple moving average is $45.70. The firm has a market cap of $293.29 million, a price-to-earnings ratio of -2.79 and a beta of 7.50.

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 issued a dividend of $0.2624 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $1.05 annualized dividend and a yield of 1.7%. Direxion Daily TSM Bull 2X Shares’s payout ratio is currently -18.32%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC increased its stake in shares of Direxion Daily TSM Bull 2X Shares by 633.5% in the fourth quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock worth $6,484,000 after buying an additional 113,400 shares during the last quarter. Jane Street Group LLC grew its holdings in Direxion Daily TSM Bull 2X Shares by 101.0% during the 2nd quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock worth $1,865,000 after acquiring an additional 28,888 shares in the last quarter. Cibc World Market Inc. bought a new stake in shares of Direxion Daily TSM Bull 2X Shares in the 3rd quarter worth about $892,000. Tower Research Capital LLC TRC increased its position in shares of 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 worth $123,000 after purchasing an additional 1,743 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its stake 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 in the last quarter.

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.