Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Reaches New 52-Week High – Time to Buy?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $85.56 and last traded at $85.56, with a volume of 1999059 shares traded. The stock had previously closed at $75.88.

Direxion Daily TSM Bull 2X Shares Stock Up 12.8%

The firm’s 50-day moving average is $65.42 and its 200-day moving average is $57.98. The company has a market capitalization of $607.48 million, a PE ratio of -3.97 and a beta of 3.33.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

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

Institutional Trading of Direxion Daily TSM Bull 2X Shares

Institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. boosted its position in Direxion Daily TSM Bull 2X Shares by 72.2% during the third quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock valued at $90,000 after buying an additional 798 shares during the period. Tower Research Capital LLC TRC boosted its position 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 valued at $123,000 after buying an additional 1,743 shares during the period. HRT Financial LP purchased a new stake in Direxion Daily TSM Bull 2X Shares during the fourth quarter valued at about $216,000. Jane Street Group LLC raised its stake in shares of 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 valued at $556,000 after acquiring an additional 159 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Direxion Daily TSM Bull 2X Shares during the third quarter worth about $842,000.

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.