Direxion Daily Semiconductors Top 5 Bull 2X ETF
TSXU
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.- 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 (TSXU) is a Delaware-statutory trust and open-end management investment company that offers leveraged exchange-traded funds providing daily investment results, before fees and expenses, equal to 200% of the performance of specified financial indexes. The Trust, through its series including the Direxion Daily Semiconductors Top 5 Bull 2X Shares ETF (ticker: TSXU), seeks amplified exposure to the NYSE Semiconductor Top 5 Equal Weight Index, which comprises the top five U.S.-listed semiconductor companies by floating market capitalization, such as NVIDIA Corp., Broadcom Inc., Advanced Micro Devices Inc., ASML Holding NV, and Taiwan Semiconductor Manufacturing Co. Ltd.; the Fund achieves this objective by investing at least 80% of its net assets in financial instruments including swap agreements, futures contracts, options, exchange-traded funds tracking the Index or substantially similar benchmarks, and securities of Index components. Direxion Shares ETF Trust provides a broad suite of leveraged and inverse ETFs across sectors including technology, equities, commodities, and fixed income, targeting active traders, financial advisors, institutions, and individual investors seeking magnified daily returns in bull or bear market conditions; these products utilize derivatives like swaps on the Index or related ETFs, reverse repurchase agreements, and money market instruments to maintain full investment while amplifying exposure. Headquartered at 535 Madison Avenue, 37th Floor, New York, New York 10022, with its investment adviser Rafferty Asset Management, LLC, the Trust traces its origins to 1997 through its predecessor entities focused on non-traditional leveraged investment strategies. Operations are centered in the United States, with shares principally listed on NYSE Arca and traded in book-entry form via the Depository Trust Company; creation and redemption of shares occur in large blocks known as Creation Units (typically 20,000 to 100,000 shares) primarily in-kind using Index securities. The Trust emphasizes non-diversified portfolios concentrated in specific industries like semiconductors, resulting in heightened volatility and leverage risks that can magnify daily gains or losses beyond the Index performance. In recent developments, Direxion Shares ETF Trust launched the Direxion Daily Semiconductors Top 5 Bull 2X ETF (TSXU) and its inverse counterpart (TSXD) in late September or early October 2025, expanding its Titans suite of targeted leveraged products amid strong demand for semiconductor sector exposure driven by AI and technology growth; this followed the introduction of other single-stock and sector-specific leveraged ETFs, such as those for Ford Motor Co. in July 2025 and Berkshire Hathaway/B Palantir in December 2024. Concurrently, the Trust has undertaken portfolio rationalizations by announcing closures of underperforming funds, including three ETFs (WFH, EVAV, XXCH) slated for liquidation on October 30, 2025, and two others (OOTO, CLDL) in June/July 2025, due to insufficient assets under management as recommended by Rafferty Asset Management. Additionally, the Trust filed post-effective amendments to its registration statement with the SEC in June 2025 and beyond, supporting ongoing product evolution amid regulatory scrutiny on leveraged ETF launches.