TSLL is a leveraged exchange-traded fund that seeks to deliver daily investment results, before fees and expenses, that are 150% of the performance of the Tesla Inc's common shares. This implies that the ETF aims to provide 1.5 times the daily performance of Tesla Inc's shares.
What's going on with the Tesla TSLA Bull 1.5x shares (TSLL)?
The leveraged Tesla exchange-traded fund has been surging this year. The Direxion Daily TSLA Bull 1.5X Shares (TSLL) became the first U.S.-listed single-stock ETF to surpass $1 billion in AUM on Friday.
What is Direxion daily TSLA Bull 1.5x shares ETF?
Direxion Daily TSLA Bull 1.5X Shares ETF is a leveraged fund that aims to provide 1.5 times the daily performance of Tesla, Inc. shares. Trading the leveraged TSLL ETF allows investors to capitalize on Tesla's highly volatile stock price and take advantage of short-term price movements.
