Direxion Daily Semiconductors Top 5 Bull 2X ETF (TSXU)

The Direxion Daily Semiconductors Top 5 Bull 2X ETF (TSXU) is a leveraged fund from Direxion that seeks daily investment results equal to 200% of the daily performance of an index made up of five of the largest U.S.-listed semiconductor companies.

The fund obtains its leverage through swaps and other derivatives, giving magnified exposure to a concentrated group of leading chip designers and manufacturers. Because its 2x target applies to a single day and the fund rebalances daily, returns over longer holding periods can differ meaningfully from twice the index's return. The ETF trades on NYSE Arca.