Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Up Following Dividend Announcement

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX)’s share price gapped up prior to trading on Monday after the company announced a dividend. The stock had previously closed at $100.24, but opened at $106.00. Direxion Daily TSM Bull 2X Shares shares last traded at $103.73, with a volume of 298,685 shares traded.

The newly announced dividend which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be given a $0.3574 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.43 annualized dividend and a yield of 1.6%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is currently -18.83%.

Direxion Daily TSM Bull 2X Shares Stock Down 13.5%

The company has a market capitalization of $629.70 million, a P/E ratio of -4.11 and a beta of 3.19. The business has a 50 day simple moving average of $81.24 and a 200-day simple moving average of $66.51.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in Direxion Daily TSM Bull 2X Shares by 633.5% during the 4th 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 raised its holdings in shares of Direxion Daily TSM Bull 2X Shares by 101.0% during the second quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock valued at $1,865,000 after buying an additional 28,888 shares during the last quarter. HRT Financial LP bought a new stake in shares of Direxion Daily TSM Bull 2X Shares during the fourth quarter valued at approximately $216,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of 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 period.

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.