Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Stock Price Up 9.7% – Still a Buy?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX – Get Free Report)’s stock price rose 9.7% during mid-day trading on Monday . The company traded as high as $95.00 and last traded at $94.78. Approximately 339,831 shares changed hands during trading, a decline of 63% from the average session volume of 921,583 shares. The stock had previously closed at $86.36.

Direxion Daily TSM Bull 2X Shares Stock Up 9.2%

The firm has a 50-day simple moving average of $84.85 and a 200 day simple moving average of $68.84. The company has a market cap of $688.32 million, a price-to-earnings ratio of -4.37 and a beta of 2.98.

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Direxion Daily TSM Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.3574 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $1.43 dividend on an annualized basis and a dividend yield of 1.5%. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is -19.29%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC grew its position in Direxion Daily TSM Bull 2X Shares by 633.5% during the 4th 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. Jane Street Group LLC increased its stake in Direxion Daily TSM Bull 2X Shares by 101.0% in the second quarter. Jane Street Group LLC now owns 57,487 shares of the company’s stock valued at $1,865,000 after purchasing an additional 28,888 shares during the period. HRT Financial LP purchased a new stake in shares of Direxion Daily TSM Bull 2X Shares in the fourth quarter valued at about $216,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of 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 valued at $123,000 after buying an additional 1,743 shares during the last quarter.

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.

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