Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Up 9.8% – Time to Buy?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) shares were up 9.8% on Thursday . The company traded as high as $96.91 and last traded at $96.74. Approximately 490,631 shares changed hands during trading, a decline of 46% from the average daily volume of 910,738 shares. The stock had previously closed at $88.09.

Direxion Daily TSM Bull 2X Shares Price Performance

The business’s fifty day moving average is $78.61 and its 200-day moving average is $65.13. The firm has a market cap of $701.98 million, a PE ratio of -4.59 and a beta of 3.19.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.2398 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, March 24th. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is -18.83%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

A number of large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its holdings in Direxion Daily TSM Bull 2X Shares by 1.4% during the fourth quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock worth $556,000 after buying an additional 159 shares during the last quarter. HRT Financial LP purchased a new stake in Direxion Daily TSM Bull 2X Shares during the fourth quarter worth about $216,000. SG Americas Securities LLC increased its holdings in Direxion Daily TSM Bull 2X Shares by 633.5% during the fourth quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock worth $6,484,000 after buying an additional 113,400 shares during the last quarter. Cibc World Market Inc. purchased a new stake in Direxion Daily TSM Bull 2X Shares during the third quarter worth about $892,000. Finally, Tower Research Capital LLC TRC increased its holdings in Direxion Daily TSM Bull 2X Shares by 85.2% during the second 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 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.