NAV as of 13 Oct 2026, 12:00 AM UTC
$0.37 (0.00%)
Year-To-Date Change
-85.94%
LSE
XAMS
Xetra
Capital at risk. NAV calculated by Leverage Shares. For more information on the calculation please click here
The Leverage Shares -3x Short Taiwan Semiconductor (TSM) ETP (ISIN XS2944880066) is an exchange traded product (ETP) that seeks to deliver minus three times (-3x) the daily performance of Taiwan Semiconductor Manufacturing Company, Limited ADR. It achieves leverage through margin borrowing and has physical ownership of the underlying, so it does not use swaps or other derivatives to achieve its exposure, and it does not have credit risk. Exposure is rebalanced daily, and an intraday rebalance mechanism ("airbag") is designed to cushion the largest intra-day moves, triggering at 16.67%. You cannot lose more than the amount you invest. The Leverage Shares -3x Short Taiwan Semiconductor (TSM) ETP has an annual management fee of 0.75% and is listed on the following exchanges: London Stock Exchange, Euronext Amsterdam, Deutsche Börse Xetra. It is designed for short term trading and should be monitored daily.
To seek daily investment results, before fees and expenses, that correspond to -300% (-3x) the daily performance of the underlying stock (TSM).
Sophisticated investors and active traders seeking to express short-term bearish views or tactically hedge positions, via inverse exposure and without a margin account.
*However, these are complex products.
Value of Underlying Assets
$-594,235
or -1,335 shares of TSM
AUM
$198,091
or 541,805 shares of TSMS
Liabilities
$792,326
Passported Countries:
United Kingdom
Italy
Germany
France
Spain
Netherlands
Ireland
Poland
Belgium
Sweden
Norway
Austria
* The information on this website regarding UK Fund Reporting Status is accurate as of the stated effective date (the "Effective Date"). Leverage Shares makes no representation or warranty that such information will remain accurate, complete or current thereafter, assumes no obligation to update it, and, to the fullest extent permitted by applicable law, accepts no responsibility or liability for any inaccuracies or omissions arising after the Effective Date.
Market Insights
The Semiconductor Correction of 2026 Launched by the Philadelphia Stock Exchange in December 1993 and now maintained by Nasdaq, the Philadelphia Semiconductor Index (SOX) tracks 30 major U.S.
Market Insights
After Taiwan Semiconductor Manufacturing Company (ticker: TSM) announced its Q2 2026 earnings on the 16th of July, the market’s reaction to the stock has been ambivalent at best – with the stick slipping after registering a modest rise.
Market Insights
While ASML Holding (ticker: ASML) is a Dutch semiconductor manufacturing equipment provider and Taiwan Semiconductor Manufacturing Company (ticker: TSM) are companies centred in geographically distinct locations and occupy entirely different places in the
Market Insights
Taiwan Semiconductor Manufacturing Company’s (ticker: TSM) fourth quarter (Q4) earnings results for its Fiscal Year (FY) 2025 – released on the 15th of January 2026 – indicated a number of positive trends for the entire FY relative to previous FYs.
