Direxion Daily TSM Bear 1X ETF
TSMZ
NASDAQ Global Market- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Direxion Daily TSM Bear 1X Shares (TSMZ) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 100% of the inverse (or opposite) of the daily performance of the common shares of Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM); the fund invests at least 80% of its net assets in financial instruments including swap agreements, options, and other instruments that provide 1X inverse exposure to TSM stock. Launched on October 3, 2024, and issued by Direxion Shares ETF Trust, a Delaware statutory trust with headquarters at 535 Madison Avenue, 37th Floor, New York, New York, TSMZ targets sophisticated traders and investors seeking short-term tactical exposure to the inverse performance of this leading semiconductor foundry, which produced 28% of global semiconductor foundry output excluding memory in 2023. The fund, with a net expense ratio of 0.98% (excluding certain expenses), features quarterly distributions, including $0.18554 per share paid December 31, 2024; $0.24595 per share paid April 1, 2025; and $0.12192 per share paid July 1, 2025. Part of Direxion's expanding lineup of single-stock leveraged and inverse ETFs managed by Rafferty Asset Management, LLC, TSMZ operates alongside its counterpart Direxion Daily TSM Bull 2X Shares (TSMX) and complements Direxion's broader offerings in leveraged (up to 3X), inverse, and thematic ETFs across sectors like technology, energy, biotech, and cryptocurrencies. The parent Direxion Shares ETF Trust, founded in 1997, oversees approximately $48.6 billion in assets under management as of September 30, 2024, with products traded primarily on U.S. exchanges including Nasdaq. Geographically focused on U.S. investors with exposure to global semiconductor markets via TSM, a Taiwan-based entity, the fund emphasizes daily targets and warns of high risks from leverage decay, volatility, and unsuitability for holdings beyond one trading day. Recent developments include Direxion's aggressive expansion of its single-stock ETF suite, launching TSMX and TSMZ in October 2024 as part of a series targeting high-conviction stocks; subsequent 2025 launches added leveraged and inverse pairs for Cisco (CSCO) and Qualcomm (QCOM) in June, Boeing (BA) and Exxon Mobil (XOM) in April, Eli Lilly (LLY) and Palo Alto Networks (PANW) in March, and Berkshire Hathaway (BRKB) and Palantir (PLTR) in December 2024. In October 2025, Direxion introduced Titans Leveraged & Inverse ETFs providing equal-weighted exposure to top firms in semiconductors, technology, biotech, and energy, enhancing tactical trading tools amid volatile markets. Operationally, Direxion appointed Mo Sparks as Chief Product Officer in April 2025 to drive product innovation, while short interest in TSMZ surged 333% to 6,500 shares by September 30, 2025, reflecting heightened trader interest.