Direxion Daily TSM Bear 1X SharesDirexion Daily TSM Bear 1X SharesDirexion Daily TSM Bear 1X Shares

Direxion Daily TSM Bear 1X Shares

No trades
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Key stats


Assets under management (AUM)
‪3.08 M‬USD
Fund flows (1Y)
‪1.08 M‬USD
Dividend yield (indicated)
1.88%
Discount/Premium to NAV
0.03%
Shares outstanding
‪150.00 K‬
Expense ratio
0.97%

About Direxion Daily TSM Bear 1X Shares


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Home page
Inception date
Oct 3, 2024
Structure
Open-Ended Fund
Index tracked
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR
Management style
Passive
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
TSMZ is a short-term tactical tool that aims to deliver -1x the price return, less fees and expenses, for a single day of Taiwan Semiconductor Manufacturing (TSM) stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the -1x multiple. Aside from the inverse exposure, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending, and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested.

Classification


Asset Class
Equity
Category
Sector
Focus
Information technology
Niche
Semiconductors
Strategy
Vanilla
Geography
Taiwan
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.