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Direxion Daily TSM Bull 2X ETF (TSMX) is purpose-built for short-term speculation or hedging, not long-term investment. TSMX's leveraged structure amplifies both gains and losses, with daily price swings often exceeding 4-6%. Performance divergence over time is inherent due to the leveraged construction, eroding returns if held long-term.
Direxion Daily TSM Bull 2X Shares (NASDAQ: TSMX - Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 124,612 shares, a growth of 200.3% from the February 12th total of 41,493 shares. Currently, 2.4% of the company's stock
Taiwan Semiconductor Manufacturing (TSM) delivered strong results last week while telling investors it expects 2026 sales to surge 30%, confirming the theme of artificial intelligence (AI) spending is alive and well. The world's largest semiconductor foundry operator also signaled robust margin expansion.
SG Americas Securities LLC bought a new position in shares of Direxion Daily TSM Bull 2X Shares (NASDAQ: TSMX) in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,900 shares of the company's stock, valued at approximately $842,000. SG
Micron smashed its fiscal Q4 earnings with beats across the board and positive guidance on Tuesday, which should gives bulls more room to run. However, its largest peer in the semiconductor space, Nvidia, could be heading in the opposite direction.
Nvidia has been sitting pretty atop the list of largest companies. After its fiscal year 2026 Q2 earnings, it sent a message that it plans to remain there.
TSMX is a 2x leveraged ETF on TSM, best suited for short-term speculation, not long-term holding due to compounding and expense drag. Leveraged and inverse ETFs like TSMX and TSMZ are structurally designed for daily resets, making them risky and inefficient for extended holding periods. Despite recent strong performance, long-term holders of TSMX underperform simply holding 2x TSM stock due to high costs and structural decay.
As if semiconductors didn't need more momentum, the passage of “One Big Beautiful Bill” could keep investors dipping into chips. In turn, traders may want to watch a few leveraged products from Direxion.
SEC filings for TSMX aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.