Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Trading Down 6.8% – Time to Sell?

Posted by Brenda Bartman on Jun 10th, 2026

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX – Get Free Report)’s stock price dropped 6.8% during trading on Wednesday . The company traded as low as $79.60 and last traded at $80.95. Approximately 749,469 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 919,570 shares. The stock had previously closed at $86.89.

Direxion Daily TSM Bull 2X Shares Stock Down 6.4%

The business’s 50-day simple moving average is $75.10 and its 200-day simple moving average is $63.48. The stock has a market cap of $577.73 million, a PE ratio of -3.77 and a beta of 3.19.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.2398 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.2%. Direxion Daily TSM Bull 2X Shares’s payout ratio is presently -18.83%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its holdings 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 worth $6,484,000 after purchasing an additional 113,400 shares during the period. Cibc World Market Inc. purchased a new stake in Direxion Daily TSM Bull 2X Shares in the third quarter worth about $892,000. Jane Street Group LLC grew its holdings 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 worth $556,000 after purchasing an additional 159 shares during the period. HRT Financial LP purchased a new stake in Direxion Daily TSM Bull 2X Shares in the fourth quarter worth about $216,000. Finally, Tower Research Capital LLC TRC grew its holdings in Direxion Daily TSM Bull 2X Shares by 85.2% in the second 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 period.

About Direxion Daily TSM Bull 2X Shares

(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.