TSMX

Direxion Daily TSM Bull 2X Shares

$47.14

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The Direxion Daily TSM Bull 2X Shares (TSMX) seeks to provide 2x the daily return of the Wilshire 5000 Total Market Index, which represents the broad U.S. equity market.

Overview

ETF tracking Direxion Daily TSM Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2024-10-03

Market Cap $127.3M

Average Volume N/A

Dividend Yield 1.57%

52-Week Range $13.51 - $55.63

VWAP $46.10

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily TSM Bull 2X Shares (TSMX) seeks to provide 2x the daily return of the Wilshire 5000 Total Market Index, which represents the broad U.S. equity market.

🎯 Investment Strategy

TSMX uses derivatives such as futures contracts to provide leveraged exposure to the Wilshire 5000 Total Market Index. The fund aims to achieve its 2x daily target by adjusting its positions on a daily basis.

✨ Key Features

Provides 2x the daily return of the Wilshire 5000 Total Market Index
Uses derivatives to achieve leveraged exposure
Resets leverage daily to maintain 2x target
Designed for short-term, active trading rather than long-term buy-and-hold

⚠️ Primary Risks

Significant risk of loss due to leverage, which can magnify both gains and losses
Volatility risk as the fund resets leverage daily, which can lead to compounding effects over longer holding periods
Tracking error risk as the fund may not perfectly match 2x the daily index return
Counterparty risk associated with the derivatives used to obtain leverage

👤 Best For

TSMX is best suited for experienced, risk-tolerant investors with a very short investment horizon who are looking to make tactical, speculative bets on the broad U.S. equity market. It is not recommended for long-term buy-and-hold investors due to the risks associated with daily leveraged resetting.