Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Down – Time to Sell?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) gapped down before the market opened on Tuesday . The stock had previously closed at $82.37, but opened at $77.00. Direxion Daily TSM Bull 2X Shares shares last traded at $76.21, with a volume of 169,384 shares.

Direxion Daily TSM Bull 2X Shares Stock Performance

The company has a fifty day moving average of $83.04 and a two-hundred day moving average of $74.37. The firm has a market capitalization of $637.02 million, a price-to-earnings ratio of -3.54 and a beta of 3.16.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.3574 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.43 dividend on an annualized basis and a dividend yield of 1.9%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is currently -19.29%.

Institutional Investors Weigh In On Direxion Daily TSM Bull 2X Shares

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC increased its position in Direxion Daily TSM Bull 2X Shares by 1.4% during the fourth quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock worth $556,000 after acquiring an additional 159 shares during the period. Tower Research Capital LLC TRC raised its stake in 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 worth $123,000 after purchasing an additional 1,743 shares in the last quarter. Finally, HRT Financial LP bought a new stake in Direxion Daily TSM Bull 2X Shares in the 4th quarter valued at about $216,000.

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.