Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Increases Dividend to $3.11 Per Share

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) declared a quarterly dividend on Tuesday, December 9th, NASDAQ Dividends reports. Stockholders of record on Wednesday, December 10th will be given a dividend of 3.1083 per share on Wednesday, December 17th. This represents a c) annualized dividend and a dividend yield of 23.8%. The ex-dividend date of this dividend is Wednesday, December 10th. This is a 1,521.8% increase from Direxion Daily TSM Bull 2X Shares’s previous quarterly dividend of $0.19.

Direxion Daily TSM Bull 2X Shares Trading Down 1.5%

TSMX stock traded down $0.81 during midday trading on Wednesday, hitting $52.14. The company’s stock had a trading volume of 530,554 shares, compared to its average volume of 636,989. Direxion Daily TSM Bull 2X Shares has a 12 month low of $12.15 and a 12 month high of $57.04. The firm’s 50-day moving average is $50.32 and its 200-day moving average is $40.03. The company has a market cap of $250.27 million, a PE ratio of -2.42 and a beta of 7.50.

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.