Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Sees Large Increase in Short Interest

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

Direxion Daily TSM Bull 2X Shares Stock Down 1.4%

Shares of TSMX opened at $72.22 on Friday. Direxion Daily TSM Bull 2X Shares has a fifty-two week low of $12.15 and a fifty-two week high of $78.56. The company’s fifty day moving average is $60.13 and its two-hundred day moving average is $50.53. The firm has a market cap of $368.32 million, a PE ratio of -3.35 and a beta of 7.50.

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 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, December 23rd. Direxion Daily TSM Bull 2X Shares’s payout ratio is -18.32%.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its holdings in shares of Direxion Daily TSM Bull 2X Shares by 1.4% during the 4th quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock worth $556,000 after purchasing an additional 159 shares during the period. HRT Financial LP purchased a new stake in Direxion Daily TSM Bull 2X Shares during the fourth quarter worth approximately $216,000. SG Americas Securities LLC grew its stake in Direxion Daily TSM Bull 2X Shares by 633.5% during 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 period. Cibc World Market Inc. purchased a new position in shares of Direxion Daily TSM Bull 2X Shares in the 3rd quarter valued at $892,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of 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 acquiring an additional 798 shares during the period.

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.