Short Interest in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Expands By 125.3%

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 91,002 shares, an increase of 125.3% from the May 31st total of 40,387 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average trading volume of 903,841 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily TSM Bull 2X Shares Stock Up 9.3%

Shares of TSMX stock traded up $8.94 on Tuesday, reaching $104.77. The company had a trading volume of 788,316 shares, compared to its average volume of 919,034. The business’s 50-day moving average is $82.97 and its 200 day moving average is $67.61. Direxion Daily TSM Bull 2X Shares has a one year low of $30.79 and a one year high of $106.32. The stock has a market capitalization of $743.87 million, a PE ratio of -4.86 and a beta of 3.19.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.3574 per share. This represents a $1.43 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is currently -19.29%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its holdings in shares of Direxion Daily TSM Bull 2X Shares by 633.5% during the fourth 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 in the last quarter. Jane Street Group LLC boosted its holdings in shares of 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 in the last quarter. HRT Financial LP bought a new stake in Direxion Daily TSM Bull 2X Shares during the 4th quarter worth $216,000. Finally, Tower Research Capital LLC TRC grew its position 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 worth $123,000 after acquiring an additional 1,743 shares during the last quarter.

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.