Direxion Daily Semiconductors Top 5 Bear 2X ETF
TSXD
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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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 NY United States of America 10019
- IPO Date
- Oct 1, 2025
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Shares ETF Trust (TSXD) serves as a statutory trust that issues exchange-traded funds (ETFs), primarily leveraged and inverse products designed for active traders seeking magnified daily exposure to specific sectors, indices, single stocks, or top constituents within targeted industries. The Trust offers a broad range of ETFs, including bull and bear leveraged funds such as the Direxion Daily Semiconductors Top 5 Bear 2X Shares (TSXD), which seeks 200% of the inverse daily performance of the NYSE Semiconductor Index top five U.S.-listed securities; similar Top 5 Bull and Bear 2X ETFs for biotech, technology, energy, and semiconductors; single-stock leveraged and inverse ETFs targeting companies like Broadcom, Micron Technologies, Cisco, Qualcomm, Boeing, Exxon Mobil, Oracle, Coinbase, Robinhood, and Intel; sector-specific funds covering semiconductors (SOXL, SOXS), gold miners (NUGT, DUST), biotech (LABU, LABD), financials (FAS, FAZ), energy (ERX, ERY), and technology (TECL, TECS); as well as thematic and international offerings tied to regions like China A-shares, BRIC markets, Europe, Japan, and emerging markets. These ETFs employ derivatives including swaps, futures, options, reverse repurchase agreements, and other financial instruments to achieve their daily leveraged or inverse objectives, while maintaining cash equivalents like money market funds for collateral; the Trust operates 249 separate series as of 2025. Headquartered at 535 Madison Avenue, 37th Floor, New York, New York 10022, the Trust traces its origins to 2008 when it registered its initial ETFs under predecessor structures linked to Direxion, which began as Potomac Funds in 1997 in Alexandria, Virginia, before rebranding and expanding leveraged offerings. Geographically, the Trust focuses on U.S.-listed securities and indices but provides exposure to global markets including developed and emerging regions such as Europe, Asia (China, Japan, India, South Korea), Latin America, and BRIC countries through its international and sector ETFs. In recent developments, the Trust filed Form 8-A12B in September 2025 to register shares of beneficial interest for six new Top 5 Bull and Bear 2X ETFs covering biotech, semiconductors, technology, and energy, reflecting ongoing expansion of concentrated leveraged products; earlier in 2025, it launched single-stock leveraged and inverse ETFs for Boeing and Exxon Mobil (April), Cisco and Qualcomm (June), and appointed Mo Sparks as Chief Product Officer (April), while announcing closures of three underperforming ETFs in October 2025 due to insufficient assets; these moves build on 2024 launches including Broadcom and Micron pairs, alongside ETF distributions and a robust lineup surpassing $13 billion in semiconductor-related assets. The Trust, advised by Rafferty Asset Management, LLC, targets sophisticated investors in the investment management industry, emphasizing high-volatility strategies over traditional diversified portfolios, with operations centered in the United States and additional offices historically in Boston and Hong Kong.