Key stats
About Direxion Daily TSM Bull 2X Shares
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Inception date
Oct 3, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
ALPS Distributors, Inc.
TSMX is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Taiwan Semiconductor Manufacturing (TSM) stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 2x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending, and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Cash
Stocks19.57%
Electronic Technology14.75%
Bonds, Cash & Other80.43%
Cash113.15%
Miscellaneous−32.72%
Stock breakdown by region
Asia100.00%
North America0.00%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TSMX last dividends amounted to 0.14 USD. The quarter before, the issuer paid 0.16 USD in dividends, which shows a 13.60% decrease.
TSMX assets under management is 119.69 M USD. It's fallen 13.24% over the last month.
TSMX fund flows account for 102.68 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, TSMX pays dividends to its holders with the dividend yield of 1.36%. The last dividend (Apr 1, 2025) amounted to 0.14 USD. The dividends are paid quarterly.
TSMX shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Oct 3, 2024, and its management style is Passive.
TSMX expense ratio is 1.05% meaning you'd have to pay 1.05% of your investment to help manage the fund.
TSMX follows the Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TSMX invests in cash.
TSMX price has risen by 15.60% over the last month, and its yearly performance shows a 12.47% increase. See more dynamics on TSMX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 26.14% over the last month, showed a 36.04% increase in three-month performance and has decreased by −3.01% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 26.14% over the last month, showed a 36.04% increase in three-month performance and has decreased by −3.01% in a year.
TSMX trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.