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

Direxion Daily TSM Bull 2X ETF (NASDAQ:TSMX – Get Free Report)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $70.28, but opened at $63.66. Direxion Daily TSM Bull 2X ETF shares last traded at $69.7160, with a volume of 364,545 shares trading hands.

Direxion Daily TSM Bull 2X ETF Price Performance

The company has a market capitalization of $493.75 million, a price-to-earnings ratio of -3.19 and a beta of 3.19. The stock has a 50-day moving average price of $80.13 and a 200-day moving average price of $75.67.

Direxion Daily TSM Bull 2X ETF 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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