Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Trading Down 6.8% – Should You Sell?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) were down 6.8% on Friday . The stock traded as low as $81.41 and last traded at $82.00. 321,698 shares were traded during mid-day trading, a decline of 65% from the average session volume of 912,014 shares. The stock had previously closed at $87.99.

Direxion Daily TSM Bull 2X Shares Stock Performance

The firm has a market cap of $615.22 million, a PE ratio of -4.02 and a beta of 3.19. The stock has a fifty day moving average price of $82.36 and a 200-day moving average price of $67.20.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $0.3574 per share. This represents a $1.43 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s payout ratio is -20.45%.

Institutional Investors Weigh In On Direxion Daily TSM Bull 2X Shares

Several institutional investors have recently bought and sold shares of TSMX. SG Americas Securities LLC raised its stake in shares of Direxion Daily TSM Bull 2X Shares by 633.5% in the 4th quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock valued at $6,484,000 after acquiring an additional 113,400 shares during the period. Jane Street Group LLC lifted its holdings in shares of 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 valued at $1,865,000 after acquiring an additional 28,888 shares in the last quarter. HRT Financial LP acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the 4th quarter valued at $216,000. Finally, Tower Research Capital LLC TRC boosted its position 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 purchasing an additional 1,743 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.