Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX) Shares Gap Down – Here’s What Happened

Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX)’s share price gapped down before the market opened on Monday . The stock had previously closed at $82.06, but opened at $75.74. Direxion Daily TSM Bull 2X ETF shares last traded at $77.6780, with a volume of 135,348 shares changing hands.

Direxion Daily TSM Bull 2X ETF Stock Performance

The firm’s 50 day moving average is $78.28 and its 200-day moving average is $76.10. The firm has a market cap of $644.65 million, a price-to-earnings ratio of -3.58 and a beta of 3.13.

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

Several institutional investors have recently bought and sold shares of TSMX. Jane Street Group LLC raised its stake in shares of Direxion Daily TSM Bull 2X ETF by 1.4% in the 4th quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock valued at $556,000 after acquiring an additional 159 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Direxion Daily TSM Bull 2X ETF 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 during the last quarter. Finally, HRT Financial LP acquired a new position in Direxion Daily TSM Bull 2X ETF during the fourth quarter valued at approximately $216,000.

Direxion Daily TSM Bull 2X ETF 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.