Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Sets New 52-Week High – Still a Buy?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $87.96 and last traded at $86.11, with a volume of 499605 shares traded. The stock had previously closed at $81.58.

Direxion Daily TSM Bull 2X Shares Stock Performance

The business has a fifty day simple moving average of $69.07 and a 200 day simple moving average of $60.65. The stock has a market cap of $591.71 million, a price-to-earnings ratio of -3.87 and a beta of 3.33.

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 paid a dividend of $0.2398 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.2%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is presently -18.83%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in Direxion Daily TSM Bull 2X Shares by 1.4% in the 4th quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock valued at $556,000 after purchasing an additional 159 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of 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 worth $90,000 after buying an additional 798 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings 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 in the last quarter. HRT Financial LP acquired a new position in shares of Direxion Daily TSM Bull 2X Shares in the fourth quarter valued at approximately $216,000. Finally, Cibc World Market Inc. purchased a new position in shares of Direxion Daily TSM Bull 2X Shares during the third quarter valued at approximately $892,000.

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.