Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Stock Price Down 6.8% – Should You Sell?

Shares of Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) dropped 6.8% on Friday . The stock traded as low as $81.41 and last traded at $82.00. 321,698 shares were traded during trading, a decline of 65% from the average daily volume of 912,014 shares. The stock had previously closed at $87.99.

Direxion Daily TSM Bull 2X Shares Trading Down 2.6%

The firm has a fifty day moving average of $82.02 and a two-hundred day moving average of $67.06. The company has a market cap of $608.54 million, a PE ratio of -3.98 and a beta of 3.19.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a $0.3574 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $1.43 annualized dividend and a dividend yield of 1.7%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is presently -20.45%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its holdings in Direxion Daily TSM Bull 2X Shares by 633.5% in the 4th quarter. SG Americas Securities LLC now owns 131,300 shares of the company’s stock worth $6,484,000 after buying an additional 113,400 shares during the period. Jane Street Group LLC raised its holdings in Direxion Daily TSM Bull 2X Shares by 101.0% during the 2nd quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock valued at $1,865,000 after acquiring an additional 28,888 shares during the period. HRT Financial LP bought a new stake in Direxion Daily TSM Bull 2X Shares during the 4th quarter valued at $216,000. Finally, Tower Research Capital LLC TRC raised its holdings in 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 valued at $123,000 after acquiring an additional 1,743 shares during the period.

Direxion Daily TSM Bull 2X Shares Company Profile

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.