Direxion Daily TSM Bear 1X ETF (TSMZ) Price

Direxion Daily TSM Bear 1X ETF is offered by Direxion, a leading player in the field of passive investments.

The ISIN of Direxion Daily TSM Bear 1X ETF is US25461A5368.

Direxion Daily TSM Bear 1X ETF aims to deliver 1 times the daily return of TSM (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 1X the underlying's cumulative return.

Volatility decay (also called compounding drag) occurs because Direxion Daily TSM Bear 1X ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 1X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

Leveraged ETFs like Direxion Daily TSM Bear 1X ETF are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.

Direxion Daily TSM Bear 1X ETF provides 1X daily short/inverse exposure to TSM. When TSM moves +1% in a day, Direxion Daily TSM Bear 1X ETF targets approximately 1% (before fees).

The total expense ratio of Direxion Daily TSM Bear 1X ETF is 1.01%, which means that investors pay 101.00 USD per 10,000 USD in investment capital annually.

The ETF is listed in USD.

European investors may incur additional costs for currency exchange and transaction fees.

No, Direxion Daily TSM Bear 1X ETF does not comply with the EU UCITS investor protection directives.

Direxion Daily TSM Bear 1X ETF tracks the performance of the Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR.

The current average trading volume of Direxion Daily TSM Bear 1X ETF is 94,745.80.

Direxion Daily TSM Bear 1X ETF is domiciled in US.

The fund was launched on 10/3/2024.

The Direxion Daily TSM Bear 1X ETF mainly invests in Information technology companies.

The NAV of Direxion Daily TSM Bear 1X ETF amounts to 10.91 M USD.

Investments can be made through brokers or financial institutions that provide access to trading ETFs.

The ETF is traded on the stock exchange, similar to stocks.

Yes, the ETF can be held in a regular securities account.

The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.

The ETF is valued on a daily stock exchange basis.

Information on dividends should be requested from the provider's website or your broker.

The risks include market fluctuations, currency risks, and the risk associated with smaller companies.

The ETF is obligated to report regularly and transparently on its investments.

The performance can be viewed on Eulerpool or directly on the provider's website.

Further information can be found on the official website of the provider.