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

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $71.65, but opened at $66.44. Direxion Daily TSM Bull 2X Shares shares last traded at $66.90, with a volume of 326,654 shares traded.

Direxion Daily TSM Bull 2X Shares Stock Performance

The stock’s fifty day moving average is $85.38 and its two-hundred day moving average is $72.42. The firm has a market capitalization of $611.57 million, a price-to-earnings ratio of -3.19 and a beta of 2.98.

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Direxion Daily TSM Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.3574 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s payout ratio is -19.29%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its position in shares of Direxion Daily TSM Bull 2X Shares by 1.4% in the 4th quarter. Jane Street Group LLC now owns 11,259 shares of the company’s stock worth $556,000 after purchasing an additional 159 shares during the last quarter. HRT Financial LP acquired a new position in Direxion Daily TSM Bull 2X Shares in the fourth quarter worth about $216,000. SG Americas Securities LLC grew its stake in Direxion Daily TSM Bull 2X Shares by 633.5% in 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. Finally, Tower Research Capital LLC TRC increased its holdings in Direxion Daily TSM Bull 2X Shares by 85.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,788 shares of the company’s stock valued at $123,000 after buying an additional 1,743 shares during 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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