Direxion Daily TSM Bull 2X ETF
TSMX
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Oct 3, 2024
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily TSM Bull 2X Shares (TSMX) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the performance of the common shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM); the fund employs financial derivatives such as swaps, futures contracts, options, and other instruments to achieve its leveraged exposure to TSM's daily price movements, while holding money market funds and depository instruments for collateral; it targets sophisticated investors seeking amplified short-term tactical positions in the semiconductor sector, with a net expense ratio of 1.05% after waivers through September 1, 2026. TSMX operates within the trading-leveraged equity category, focusing on information technology and semiconductor single-stock exposure rather than diversified indices; it is issued by Direxion Shares ETF Trust, part of Direxion Investments, which manages approximately $50.6 billion in assets across leveraged and inverse ETFs as of June 30, 2025; the fund trades on the Nasdaq Stock Market and is domiciled in the United States, serving institutional and retail investors globally through major brokerage platforms. Launched on October 3, 2024, TSMX represents Direxion's expansion into single-stock leveraged ETFs, complementing the simultaneous launch of the companion Direxion Daily TSM Bear 1X Shares (TSMZ); this initiative builds on Direxion's leadership in semiconductor-themed leveraged products, with over $13 billion in assets prior to these introductions; in September 2024, Direxion selected SS&C ALPS Distributors for medallion distribution services and registered fund services to enhance its ETF distribution model and support growth. Direxion Investments, the parent entity founded in 1997 and headquartered at 1301 Avenue of the Americas in New York, maintains additional offices in the United States and Hong Kong; recent operational enhancements include appointing Mo Sparks as Chief Product Officer in April 2025; TSMX has issued quarterly income dividends, including $0.25809 per share in June 2025 and $0.13702 per share in March 2025, reflecting ongoing distribution activity amid volatile semiconductor market conditions.