Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Down 38.3% in December

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 35,411 shares, a drop of 38.3% from the November 30th total of 57,354 shares. Based on an average trading volume of 372,448 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.7% of the company’s shares are short sold. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 372,448 shares, the days-to-cover ratio is presently 0.1 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its position in Direxion Daily TSM Bull 2X Shares by 72.2% during the third 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 last quarter. Tower Research Capital LLC TRC raised 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 acquiring an additional 1,743 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Direxion Daily TSM Bull 2X Shares in the 3rd quarter valued at about $842,000. Cibc World Market Inc. bought a new stake in shares of Direxion Daily TSM Bull 2X Shares during the 3rd quarter valued at about $892,000. Finally, Jane Street Group LLC acquired a new stake in Direxion Daily TSM Bull 2X Shares during the first quarter worth approximately $543,000.

Direxion Daily TSM Bull 2X Shares Price Performance

Shares of TSMX stock opened at $49.06 on Friday. The stock has a market capitalization of $235.49 million, a PE ratio of -2.28 and a beta of 7.50. The business’s 50 day simple moving average is $48.84 and its 200 day simple moving average is $41.83. Direxion Daily TSM Bull 2X Shares has a one year low of $12.15 and a one year high of $57.04.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd will be paid a $0.2624 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 23rd. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is currently -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.