Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Up 9.7% – Here’s What Happened

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) shares rose 9.7% during trading on Monday . The company traded as high as $95.00 and last traded at $94.78. Approximately 339,831 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 921,583 shares. The stock had previously closed at $86.36.

Direxion Daily TSM Bull 2X Shares Stock Performance

The company has a market cap of $636.08 million, a P/E ratio of -3.96 and a beta of 2.98. The stock has a 50-day moving average of $85.39 and a two-hundred day moving average of $69.49.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.3574 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is currently -19.29%.

Hedge Funds Weigh In On Direxion Daily TSM Bull 2X Shares

Large investors have recently modified their holdings of the stock. 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 valued at $123,000 after purchasing an additional 1,743 shares during the last quarter. HRT Financial LP purchased a new position in Direxion Daily TSM Bull 2X Shares in the fourth quarter worth about $216,000. Jane Street Group LLC raised its holdings in Direxion Daily TSM Bull 2X Shares by 1.4% in the fourth quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock worth $556,000 after buying an additional 159 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Direxion Daily TSM Bull 2X Shares by 633.5% in 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.

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.