# Direxion Daily TSM Bear 1X ETF (TSMZ) — Overview

TSMZ · NASDAQ · Fund

Canonical page: https://www.lighthorse.io/tickers/tsmz

## Price

Last close $7.73 on Oct 15, 2026. 52-week range $6.73 – $13.59.

## Fund profile

TSMZ provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Taiwan Semiconductor Manufacturing (TSM) stock.

| Metric | Value |
| --- | --- |
| Issuer | Rafferty Asset Management, LLC |
| Industry | — |
| Inception | Oct 3, 2024 |
| Assets under management | $2.7M |
| Expense ratio | 1.01% |
| Net asset value | $7.73 (as of Oct 15, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Direxion Daily TSM Bear 1X ETF (TSMZ)?

TSMZ provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Taiwan Semiconductor Manufacturing (TSM) stock.

### What is TSMZ's expense ratio?

Direxion Daily TSM Bear 1X ETF charges an annual expense ratio of 1.01%. The fund is issued by Rafferty Asset Management, LLC.

### How large is TSMZ?

Direxion Daily TSM Bear 1X ETF manages $2.7M in assets and has traded since Oct 3, 2024.

### How do I buy shares of Direxion Daily TSM Bear 1X ETF (TSMZ)?

TSMZ trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).