Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Up 489.5% in July

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 267,227 shares, a growth of 489.5% from the June 30th total of 45,333 shares. Based on an average daily volume of 1,019,573 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TSMX. SG Americas Securities LLC grew its holdings 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 valued at $6,484,000 after purchasing an additional 113,400 shares during the period. Jane Street Group LLC grew its stake in shares of Direxion Daily TSM Bull 2X Shares by 1.4% in the 4th quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock valued at $556,000 after buying an additional 159 shares during the period. HRT Financial LP purchased a new stake in shares of Direxion Daily TSM Bull 2X Shares in the 4th quarter valued at approximately $216,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of 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 last quarter.

Direxion Daily TSM Bull 2X Shares Stock Performance

Shares of TSMX stock traded down $4.50 during trading hours on Friday, reaching $73.33. The company had a trading volume of 534,180 shares, compared to its average volume of 929,976. Direxion Daily TSM Bull 2X Shares has a 12-month low of $30.79 and a 12-month high of $106.32. The company has a market capitalization of $651.17 million, a price-to-earnings ratio of -3.40 and a beta of 2.98. The stock has a fifty day moving average of $85.46 and a 200-day moving average of $72.20.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.3574 dividend. This represents a $1.43 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is presently -19.29%.

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.