Direxion Daily TSM Bull 2X ETF (TSMX)
Direxion Daily TSM Bull 2X ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $81.68, up 3.03% on the session, giving a market capitalisation of $680.0M. Its beta of 3.20 implies it has historically moved more than the broad market.
These two Direxion ETFs are designed to deliver daily investment outcomes that mirror or invert the performance of Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) common shares, before accounting for fees and expenses. Specifically, the Direxion Daily TSM Bull 2X ETF seeks to provide double (200%) the daily return of TSM's stock, while the Direxion Daily TSM Bear 1X ETF aims for a daily return equal to 100% of the inverse (or opposite) movement of TSM.
Direxion Daily TSM Bull 2X ETF is most often compared with the following Financial Services names: