Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX) Short Interest Update

Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 809,125 shares, an increase of 155.6% from the August 15th total of 316,525 shares. Based on an average daily trading volume, of 389,641 shares, the days-to-cover ratio is presently 2.1 days. Currently, 9.7% of the shares of the stock are short sold.

Direxion Daily TSM Bull 2X ETF Stock Down 6.8%

Shares of TSMX stock traded down $5.62 during trading hours on Monday, reaching $76.44. The company’s stock had a trading volume of 501,006 shares, compared to its average volume of 848,246. The company has a market capitalization of $638.27 million, a price-to-earnings ratio of -3.55 and a beta of 3.13. Direxion Daily TSM Bull 2X ETF has a fifty-two week low of $40.48 and a fifty-two week high of $106.32. The firm’s 50 day simple moving average is $77.94 and its 200-day simple moving average is $76.10.

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.