Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Down 64.8% in December

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 12,456 shares, a decrease of 64.8% from the December 15th total of 35,411 shares. Based on an average daily trading volume, of 287,892 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 287,892 shares, the days-to-cover ratio is currently 0.0 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its position in 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 valued at $6,484,000 after acquiring an additional 113,400 shares during the period. Cibc World Market Inc. acquired a new stake in shares of Direxion Daily TSM Bull 2X Shares in the 3rd quarter valued at $892,000. SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily TSM Bull 2X Shares by 72.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company’s stock worth $90,000 after purchasing an additional 798 shares during the last quarter. Tower Research Capital LLC TRC grew 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 worth $123,000 after purchasing an additional 1,743 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Direxion Daily TSM Bull 2X Shares by 101.0% during the 2nd quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock worth $1,865,000 after purchasing an additional 28,888 shares in the last quarter.

Direxion Daily TSM Bull 2X Shares Stock Performance

Shares of Direxion Daily TSM Bull 2X Shares stock opened at $58.10 on Wednesday. The firm’s 50-day simple moving average is $49.16 and its 200-day simple moving average is $43.91. Direxion Daily TSM Bull 2X Shares has a twelve month low of $12.15 and a twelve month high of $60.00. The firm has a market cap of $281.79 million, a P/E ratio of -2.69 and a beta of 7.50.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.2624 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, December 23rd. Direxion Daily TSM Bull 2X Shares’s payout ratio is presently -18.32%.

About Direxion Daily TSM Bull 2X Shares

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.