Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Up – Should You Buy?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) gapped up before the market opened on Monday . The stock had previously closed at $71.73, but opened at $75.08. Direxion Daily TSM Bull 2X Shares shares last traded at $74.28, with a volume of 154,831 shares changing hands.

Direxion Daily TSM Bull 2X Shares Stock Up 2.5%

The business’s fifty day moving average is $85.67 and its two-hundred day moving average is $71.41. The stock has a market capitalization of $632.53 million, a PE ratio of -3.41 and a beta of 2.98.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 1.9%. The ex-dividend date of this dividend was Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is presently -19.29%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

A number of large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its holdings in shares of Direxion Daily TSM Bull 2X Shares by 85.2% in 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 last quarter. HRT Financial LP bought a new stake in Direxion Daily TSM Bull 2X Shares during the fourth quarter worth approximately $216,000. Jane Street Group LLC bought a new stake in Direxion Daily TSM Bull 2X Shares during the first quarter worth approximately $543,000. Finally, SG Americas Securities LLC raised its position in 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 valued at $6,484,000 after purchasing an additional 113,400 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.