Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Hits New 1-Year High - Should You Buy?

Key Points

• New 52-week high: Direxion Daily TSM Bull 2X Shares (TSMX) reached an intraday 52-week high of $79.46 and last traded at $79.28 on volume of about 985,344 shares.
• Leveraged exposure and risk: TSMX is a 2x leveraged ETF providing daily exposure to Taiwan Semiconductor (TSM), launched Oct 3, 2024, with a market cap of about $508.4M, a beta of 3.54 and 50-/200-day moving averages of $64.15 and $56.68, signaling elevated volatility.
• Institutional activity and dividend: Several institutions notably increased positions (SG Americas +633.5%, Jane Street +101%), and the fund recently paid a quarterly dividend of $0.2398 (annualized $0.96, ~1.2% yield).

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX - ) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $79.46 and last traded at $79.28, with a volume of 985344 shares traded. The stock had previously closed at $71.80.

Direxion Daily TSM Bull 2X Shares Stock Performance

The firm has a fifty day moving average price of $64.15 and a 200-day moving average price of $56.68. The company has a market capitalization of $508.38 million, a price-to-earnings ratio of -3.71 and a beta of 3.54.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.2398 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.96 annualized dividend and a yield of 1.2%. Direxion Daily TSM Bull 2X Shares's dividend payout ratio (DPR) is -18.83%.

Institutional Trading of Direxion Daily TSM Bull 2X Shares

Several large investors have recently bought and sold shares of TSMX. SG Americas Securities LLC boosted 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 valued at $6,484,000 after buying an additional 113,400 shares in the last quarter. Jane Street Group LLC raised its position in Direxion Daily TSM Bull 2X Shares by 101.0% in the second quarter. Jane Street Group LLC now owns 57,487 shares of the company's stock valued at $1,865,000 after purchasing an additional 28,888 shares during the last quarter. Cibc World Market Inc. bought a new position in Direxion Daily TSM Bull 2X Shares in the third quarter valued at about $892,000. HRT Financial LP bought a new position in Direxion Daily TSM Bull 2X Shares in the fourth quarter valued at about $216,000. Finally, Tower Research Capital LLC TRC raised its position 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 purchasing an additional 1,743 shares during the last quarter.

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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