Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Down – Here’s Why

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) shares gapped down prior to trading on Tuesday . The stock had previously closed at $71.65, but opened at $66.44. Direxion Daily TSM Bull 2X Shares shares last traded at $66.90, with a volume of 326,654 shares.

Direxion Daily TSM Bull 2X Shares Stock Performance

The firm has a market capitalization of $611.57 million, a P/E ratio of -3.19 and a beta of 2.98. The stock has a fifty day moving average price of $85.38 and a two-hundred day moving average price of $72.42.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.3574 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $1.43 annualized dividend and a yield of 2.1%. Direxion Daily TSM Bull 2X Shares’s payout ratio is presently -19.29%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings 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 valued at $123,000 after buying an additional 1,743 shares during the period. HRT Financial LP bought a new position in Direxion Daily TSM Bull 2X Shares in the fourth quarter worth about $216,000. Jane Street Group LLC bought a new position in Direxion Daily TSM Bull 2X Shares in the first quarter worth about $543,000. Finally, SG Americas Securities LLC boosted its stake in 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 acquiring an additional 113,400 shares during the period.

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.