Bank of America Corp DE Acquires Shares of 25,000 Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX)

Bank of America Corp DE purchased a new stake in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,000 shares of the company's stock, valued at approximately $741,000. Bank of America Corp DE owned about 0.73% of Direxion Daily TSM Bull 2X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Optiver Holding B.V. acquired a new position in Direxion Daily TSM Bull 2X Shares during the 4th quarter worth about $1,223,000.

Direxion Daily TSM Bull 2X Shares Stock Up 1.8%

Shares of Direxion Daily TSM Bull 2X Shares stock opened at $27.00 on Monday. The company has a 50 day moving average of $20.15 and a 200 day moving average of $25.39. The company has a market capitalization of $154.44 million and a P/E ratio of -1.25. Direxion Daily TSM Bull 2X Shares has a 52-week low of $12.15 and a 52-week high of $38.15.

Direxion Daily TSM Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.137 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Tuesday, March 25th. Direxion Daily TSM Bull 2X Shares's dividend payout ratio (DPR) is currently -1.35%.

Direxion Daily TSM Bull 2X Shares 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.

Want to see what other hedge funds are holding TSMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.