Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Sees Significant Growth in Short Interest

Key Points

• Short interest in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) surged by 504.3% in September, increasing from 4,700 to 28,400 shares.
• Institutional investors made substantial adjustments to their positions, with SBI Securities boosting its stake by 27,550% during the second quarter.
• The company recently paid a quarterly dividend of $0.1917 per share, reflecting an annualized rate of $0.77 and a yield of 1.4%.

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX - ) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 28,400 shares, a growth of 504.3% from the September 15th total of 4,700 shares. Based on an average daily volume of 480,100 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 480,100 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its position in shares of Direxion Daily TSM Bull 2X Shares by 27,550.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,106 shares of the company's stock valued at $36,000 after acquiring an additional 1,102 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily TSM Bull 2X Shares by 85.2% during 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 last quarter. Jane Street Group LLC bought a new position in shares of Direxion Daily TSM Bull 2X Shares during the 1st quarter valued at approximately $543,000. Finally, Client First Investment Management LLC bought a new position in shares of Direxion Daily TSM Bull 2X Shares during the 2nd quarter valued at approximately $1,636,000.

Direxion Daily TSM Bull 2X Shares Price Performance

TSMX stock opened at $53.20 on Friday. The company has a market capitalization of $199.50 million and a price-to-earnings ratio of -2.47. Direxion Daily TSM Bull 2X Shares has a 1-year low of $12.15 and a 1-year high of $57.05. The business has a 50 day simple moving average of $41.74 and a two-hundred day simple moving average of $31.53.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.1917 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, September 23rd. Direxion Daily TSM Bull 2X Shares's dividend payout ratio is currently -3.43%.

About Direxion Daily TSM Bull 2X Shares

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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