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.

What is Tesla TSLL ETF?

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.

How does Tesla Inc (TSLL) perform compared to other leveraged ETFs?

The fund's performance, therefore, is heavily influenced by the performance of Tesla Inc's shares and, by extension, the broader Consumer Discretionary sector and Automobile Manufacturers industry. When comparing TSLL to other leveraged ETFs, it's worth noting that TSLL is unique due to its single-stock focus on Tesla Inc.