Short Interest in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Rises By 145.3%

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 316,525 shares, an increase of 145.3% from the July 30th total of 129,045 shares. Approximately 3.8% of the shares of the company are sold short. Based on an average trading volume of 556,729 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

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

Direxion Daily TSM Bull 2X Shares Trading Down 4.6%

Direxion Daily TSM Bull 2X Shares stock opened at $76.74 on Friday. The firm has a 50 day moving average of $80.81 and a 200 day moving average of $75.35. The firm has a market capitalization of $640.78 million, a price-to-earnings ratio of -3.56 and a beta of 3.16. Direxion Daily TSM Bull 2X Shares has a 12-month low of $31.18 and a 12-month high of $106.32.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.3574 dividend. This represents a $1.43 dividend on an annualized basis and a dividend 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%.

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.