Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Sets New 1-Year High – Time to Buy?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $87.96 and last traded at $86.11, with a volume of 499605 shares trading hands. The stock had previously closed at $81.58.

Direxion Daily TSM Bull 2X Shares Stock Up 1.0%

The stock has a market capitalization of $614.29 million, a price-to-earnings ratio of -4.01 and a beta of 3.33. The company’s fifty day simple moving average is $70.12 and its 200 day simple moving average is $61.18.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.2398 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, March 24th. Direxion Daily TSM Bull 2X Shares’s payout ratio is currently -18.83%.

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

Several institutional investors and hedge funds have recently modified their holdings of TSMX. SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily TSM Bull 2X Shares by 72.2% in the third quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock valued at $90,000 after purchasing an additional 798 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Direxion Daily TSM Bull 2X Shares by 85.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock valued at $123,000 after purchasing an additional 1,743 shares during the last quarter. HRT Financial LP acquired a new position in shares of Direxion Daily TSM Bull 2X Shares in the fourth quarter valued at $216,000. Jane Street Group LLC acquired a new position in shares of Direxion Daily TSM Bull 2X Shares in the first quarter valued at $543,000. Finally, Cibc World Market Inc. acquired a new position in shares of Direxion Daily TSM Bull 2X Shares in the third quarter valued at $892,000.

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.