Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX – Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 1,688,426 shares, a growth of 126.1% from the September 30th total of 746,732 shares. Approximately 24.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 650,927 shares, the days-to-cover ratio is presently 2.6 days.
Direxion Daily TSM Bull 2X ETF Trading Down 6.5%
TSMX stock opened at $74.03 on Friday. Direxion Daily TSM Bull 2X ETF has a 12-month low of $40.92 and a 12-month high of $106.32. The business’s 50-day moving average is $82.32 and its 200 day moving average is $75.40. The stock has a market cap of $518.24 million, a price-to-earnings ratio of -3.38 and a beta of 3.02.
About Direxion Daily TSM Bull 2X ETF
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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