Client First Investment Management LLC Makes New $1.64 Million Investment in Direxion Daily TSM Bull 2X Shares $TSMX

Key Points

• Client First Investment Management LLC made a new investment of approximately $1.64 million in Direxion Daily TSM Bull 2X Shares (TSMX), acquiring 50,431 shares during the second quarter.
• Direxion Daily TSM Bull 2X Shares announced a dividend increase, now offering $0.2581 per share, equating to an annualized dividend yield of 2.5%.
• The stock is currently trading at $41.31, with a market capitalization of $139.63 million and a reported P/E ratio of -1.92.

Client First Investment Management LLC bought a new position in shares of Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 50,431 shares of the company's stock, valued at approximately $1,636,000. Direxion Daily TSM Bull 2X Shares comprises 1.0% of Client First Investment Management LLC's holdings, making the stock its 13th largest holding. Client First Investment Management LLC owned approximately 1.58% of Direxion Daily TSM Bull 2X Shares as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in Direxion Daily TSM Bull 2X Shares during the first quarter worth about $543,000. Bank of America Corp DE bought a new position in Direxion Daily TSM Bull 2X Shares during the fourth quarter worth about $741,000. Finally, Citadel Advisors LLC bought a new position in Direxion Daily TSM Bull 2X Shares during the fourth quarter worth about $710,000.

Direxion Daily TSM Bull 2X Shares Trading Up 1.2%

Shares of TSMX opened at $41.31 on Tuesday. Direxion Daily TSM Bull 2X Shares has a 1 year low of $12.15 and a 1 year high of $42.49. The stock has a market cap of $139.63 million and a P/E ratio of -1.92. The stock's 50-day moving average price is $35.46 and its two-hundred day moving average price is $27.23.

Direxion Daily TSM Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.2581 per share. This represents a $1.03 dividend on an annualized basis and a yield of 2.5%. This is an increase from Direxion Daily TSM Bull 2X Shares's previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, June 24th. Direxion Daily TSM Bull 2X Shares's dividend payout ratio (DPR) is -2.55%.

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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