TSLS

Direxion Daily TSLA Bear 1X Shares

$5.76

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The Direxion Daily TSLA Bear 1X Shares ETF seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the common stock of Tesla, Inc.

Overview

ETF tracking Direxion Daily TSLA Bear 1X Shares

Category Inverse

Issuer Other

Inception Date 2022-08-09

Market Cap $89.1M

Average Volume N/A

Dividend Yield 4.08%

52-Week Range $5.02 - $13.63

VWAP $5.76

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily TSLA Bear 1X Shares ETF seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the common stock of Tesla, Inc.

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to provide inverse exposure to the daily price movements of Tesla's stock. It does not seek to achieve its stated investment objective over a period of time greater than one day.

✨ Key Features

Provides inverse (-1x) exposure to the daily price movements of Tesla's stock
Designed for short-term, tactical trading rather than long-term investment
Employs derivatives to achieve its inverse exposure objective
Has a very low expense ratio of 0.00%

⚠️ Primary Risks

Significant daily volatility and potential for large losses on a single-day basis
Risks associated with the use of derivatives, including counterparty risk
Potential for divergence between the fund's performance and the inverse of Tesla's stock price over longer holding periods
Low trading volume and lack of assets under management

👤 Best For

This ETF is designed for experienced, sophisticated investors who understand the risks of inverse and leveraged products and are seeking to make short-term, tactical trades on the daily price movements of Tesla's stock. It is not suitable for long-term, buy-and-hold investors.