Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Short Interest Up 668.5% in April

Key Points

• Short interest up 668.5% — Short interest in Direxion Daily TSM Bull 2X Shares (TSMX) jumped to 219,938 shares as of April 15, representing 3.5% of shares sold short and a short-interest ratio of 0.3 days.
• Shares rose to $79.49 on heavy volume (1.99M vs. average ~848k), trading near its 1‑year high of $81.94; the fund has a market cap of about $505M and a beta of 3.54, signaling high volatility.
• 2x leveraged ETF exposure — TSMX, launched Oct 3, 2024 by Direxion, offers 2x leveraged, daily exposure to Taiwan Semiconductor (TSM) stock movements.

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX - ) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 219,938 shares, a growth of 668.5% from the March 31st total of 28,620 shares. Currently, 3.5% of the shares of the stock are sold short. Based on an average trading volume of 834,872 shares, the short-interest ratio is currently 0.3 days.

Direxion Daily TSM Bull 2X Shares Stock Performance

Shares of NASDAQ:TSMX traded up $7.69 during trading on Friday, reaching $79.49. The stock had a trading volume of 1,991,016 shares, compared to its average volume of 848,601. The business has a fifty day moving average price of $64.15 and a 200-day moving average price of $56.68. The stock has a market cap of $504.76 million, a PE ratio of -3.69 and a beta of 3.54. Direxion Daily TSM Bull 2X Shares has a 1-year low of $16.95 and a 1-year high of $81.94.

Direxion Daily TSM Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.2398 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.2%. Direxion Daily TSM Bull 2X Shares's dividend payout ratio is currently -18.83%.

Hedge Funds Weigh In On Direxion Daily TSM Bull 2X Shares

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its stake in Direxion Daily TSM Bull 2X Shares by 1.4% during the fourth 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 period. HRT Financial LP purchased a new stake in Direxion Daily TSM Bull 2X Shares during the 4th quarter worth about $216,000. SG Americas Securities LLC increased its holdings 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 purchasing an additional 113,400 shares during the period. Cibc World Market Inc. purchased a new stake in Direxion Daily TSM Bull 2X Shares during the 3rd quarter worth about $892,000. Finally, SBI Securities Co. Ltd. increased its holdings in Direxion Daily TSM Bull 2X Shares by 72.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,904 shares of the company's stock worth $90,000 after purchasing an additional 798 shares during the period.

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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