Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Gap Up After Dividend Announcement

Shares of Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX – Get Free Report) gapped up before the market opened on Monday following a dividend announcement from the company. The stock had previously closed at $100.24, but opened at $106.00. Direxion Daily TSM Bull 2X Shares shares last traded at $103.73, with a volume of 298,685 shares changing hands.

The newly announced dividend which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a $0.3574 dividend. This represents a $1.43 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is currently -18.83%.

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Direxion Daily TSM Bull 2X Shares Price Performance

The firm has a market capitalization of $629.70 million, a PE ratio of -4.11 and a beta of 3.19. The business’s 50 day moving average is $81.24 and its two-hundred day moving average is $66.51.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TSMX. Tower Research Capital LLC TRC lifted its position in shares of Direxion Daily TSM Bull 2X Shares by 85.2% in the 2nd 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. HRT Financial LP purchased a new stake in shares of Direxion Daily TSM Bull 2X Shares during the 4th quarter valued at about $216,000. Jane Street Group LLC purchased a new stake in shares of Direxion Daily TSM Bull 2X Shares during the first quarter worth about $543,000. Finally, SG Americas Securities LLC grew its position in shares of Direxion Daily TSM Bull 2X Shares by 633.5% during 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 in 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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