Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Down – Here’s What Happened

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $82.37, but opened at $77.00. Direxion Daily TSM Bull 2X Shares shares last traded at $76.21, with a volume of 169,384 shares.

Direxion Daily TSM Bull 2X Shares Stock Performance

The firm has a market cap of $628.17 million, a P/E ratio of -3.49 and a beta of 3.16. The firm has a 50 day simple moving average of $82.73 and a 200 day simple moving average of $74.57.

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Direxion Daily TSM Bull 2X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.3574 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, June 23rd. 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 company. Tower Research Capital LLC TRC grew its position in shares of Direxion Daily TSM Bull 2X Shares by 85.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock valued at $123,000 after purchasing an additional 1,743 shares in the last quarter. HRT Financial LP purchased a new stake in shares of Direxion Daily TSM Bull 2X Shares in the fourth quarter worth $216,000. Finally, Jane Street Group LLC raised its position in shares of 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 buying an additional 159 shares in 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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