Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Stock Price Up 9.7% – Still a Buy?

by · The Markets Daily

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX – Get Free Report) rose 9.7% during mid-day trading on Monday . The company traded as high as $95.00 and last traded at $94.78. Approximately 339,831 shares changed hands during trading, a decline of 63% from the average session volume of 921,583 shares. The stock had previously closed at $86.36.

Direxion Daily TSM Bull 2X Shares Trading Up 9.2%

The company has a 50 day simple moving average of $84.85 and a 200 day simple moving average of $68.84. The stock has a market capitalization of $688.32 million, a PE ratio of -4.37 and a beta of 2.98.

Direxion Daily TSM Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.3574 per share. This represents a $1.43 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, June 23rd. Direxion Daily TSM Bull 2X Shares’s dividend payout ratio is -19.29%.

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

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in 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 buying an additional 1,743 shares during the last quarter. HRT Financial LP acquired a new position in Direxion Daily TSM Bull 2X Shares in the 4th quarter valued at $216,000. Jane Street Group LLC purchased a new position in Direxion Daily TSM Bull 2X Shares during the 1st quarter worth $543,000. Finally, SG Americas Securities LLC raised its position 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 buying an additional 113,400 shares during 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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