Direxion Daily TSM Bull 2X Shares Announces Quarterly Dividend of $0.24 (NASDAQ:TSMX)

Key Points

• $0.2398 quarterly dividend declared for Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX), payable March 31 to shareholders of record March 24, implying a dividend yield of about 1.6%.
• TSMX traded up 2.4% to $59.46 on the day with ~711,372 shares changing hands; the fund has a market cap of $303.25 million, a 52-week range of $12.15–$78.56, and a beta of 7.50.
• The ETF, launched Oct 3, 2024, provides 2x leveraged daily exposure to shares of Taiwan Semiconductor Manufacturing (TSM) and primarily invests in information technology equity.

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX - Get Free Report) declared a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Tuesday, March 24th will be paid a dividend of 0.2398 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 24th.

Direxion Daily TSM Bull 2X Shares Trading Up 2.4%

Direxion Daily TSM Bull 2X Shares stock traded up $1.41 during trading on Tuesday, hitting $59.46. 711,372 shares of the company were exchanged, compared to its average volume of 771,833. The business's 50 day moving average is $63.20 and its 200 day moving average is $53.79. Direxion Daily TSM Bull 2X Shares has a 52 week low of $12.15 and a 52 week high of $78.56. The company has a market capitalization of $303.25 million, a P/E ratio of -2.76 and a beta of 7.50.

Direxion Daily TSM Bull 2X Shares Company Profile

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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