Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Sees Large Decline in Short Interest

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 31,878 shares, a decline of 87.7% from the April 30th total of 258,642 shares. Based on an average daily trading volume, of 1,269,622 shares, the short-interest ratio is presently 0.0 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily TSM Bull 2X Shares by 72.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock worth $90,000 after purchasing an additional 798 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Direxion Daily TSM Bull 2X Shares by 85.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock worth $123,000 after purchasing an additional 1,743 shares during the last quarter. HRT Financial LP acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the 4th quarter worth approximately $216,000. Jane Street Group LLC boosted its holdings in shares of Direxion Daily TSM Bull 2X Shares by 1.4% during the 4th quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock worth $556,000 after purchasing an additional 159 shares during the last quarter. Finally, Cibc World Market Inc. acquired a new position in shares of Direxion Daily TSM Bull 2X Shares during the 3rd quarter worth approximately $892,000.

Direxion Daily TSM Bull 2X Shares Price Performance

TSMX stock traded up $0.24 during trading on Thursday, hitting $85.94. The stock had a trading volume of 565,962 shares, compared to its average volume of 916,209. Direxion Daily TSM Bull 2X Shares has a twelve month low of $23.40 and a twelve month high of $88.82. The stock has a market capitalization of $610.17 million, a P/E ratio of -3.99 and a beta of 3.33. The company’s 50-day moving average price is $69.61 and its two-hundred day moving average price is $60.91.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.2398 dividend. 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 payout ratio is presently -18.83%.

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.