Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Shares Down 8.9% – Time to Sell?

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX – Get Free Report) were down 8.9% during mid-day trading on Friday . The stock traded as low as $67.30 and last traded at $69.37. 504,352 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 934,729 shares. The stock had previously closed at $76.14.

Direxion Daily TSM Bull 2X Shares Stock Down 3.8%

The firm has a fifty day simple moving average of $85.88 and a 200-day simple moving average of $71.25. The company has a market cap of $609.36 million, a PE ratio of -3.40 and a beta of 2.98.

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Direxion Daily TSM Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.3574 per share. This represents a $1.43 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio (DPR) is currently -19.29%.

Institutional Investors Weigh In On Direxion Daily TSM Bull 2X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings 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 valued at $556,000 after acquiring an additional 159 shares during the period. Tower Research Capital LLC TRC increased its holdings 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 valued at $123,000 after acquiring an additional 1,743 shares during the period. HRT Financial LP purchased a new stake in Direxion Daily TSM Bull 2X Shares in the 4th quarter valued at $216,000. Finally, SG Americas Securities LLC boosted its stake 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 period.

About Direxion Daily TSM Bull 2X Shares

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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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