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

Shares of Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $94.53, but opened at $88.17. Direxion Daily TSM Bull 2X Shares shares last traded at $87.94, with a volume of 252,022 shares traded.

Direxion Daily TSM Bull 2X Shares Stock Down 9.0%

The stock has a market capitalization of $610.60 million, a PE ratio of -3.99 and a beta of 3.19. The business’s 50-day moving average is $73.37 and its two-hundred day moving average is $62.66.

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Direxion Daily TSM Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.2398 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.96 dividend on an annualized basis and a yield of 1.1%. Direxion Daily TSM Bull 2X Shares’s payout ratio is currently -18.83%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in Direxion Daily TSM Bull 2X Shares by 1.4% in the fourth quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock valued at $556,000 after buying an additional 159 shares during the last quarter. HRT Financial LP purchased a new stake in shares of Direxion Daily TSM Bull 2X Shares during the fourth quarter worth approximately $216,000. SG Americas Securities LLC raised its stake in shares of 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 worth $6,484,000 after purchasing an additional 113,400 shares during the last quarter. Cibc World Market Inc. purchased a new stake in shares of Direxion Daily TSM Bull 2X Shares during the third quarter worth approximately $892,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of Direxion Daily TSM Bull 2X Shares by 72.2% during the third 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.

Direxion Daily TSM Bull 2X Shares Company Profile

(Get Free Report)

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.

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