DIREXION SHARES ETF TRUSTDIREXION SHARES ETF TRUSTDIREXION SHARES ETF TRUST

DIREXION SHARES ETF TRUST

No trades
See on Supercharts

Key stats


Assets under management (AUM)
‪6.11 B‬USD
Fund flows (1Y)
Dividend yield (indicated)
2.74%
Discount/Premium to NAV
−0.7%
Shares outstanding
‪433.43 M‬
Expense ratio
0.95%

About DIREXION SHARES ETF TRUST


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Home page
Inception date
Aug 9, 2022
Structure
Open-Ended Fund
Index tracked
Tesla, Inc.
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
TSLL is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Tesla stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 2x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested. Prior to April 2, 2024, the fund was named Direxion Daily TSLA Bull 1.5X Shares, seeking to provide a 1.5x leverage exposure.

Classification


Asset Class
Equity
Category
Sector
Focus
Consumer discretionary
Niche
Automobile manufacturers
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
StocksBonds, Cash & Other
Consumer Durables
Cash
Stock breakdown by region
100%
Top 10 holdings

See all ideas 

Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to TSLL via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
TSLL trades at 15.17 USD today, its price has risen 22.83% in the past 24 hours. Track more dynamics on TSLL price chart.
TSLL net asset value is 14.63 today — it's risen 81.52% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
TSLL assets under management is ‪6.11 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
TSLL price has risen by 89.63% over the last month, and its yearly performance shows a −60.41% decrease. See more dynamics on TSLL price chart.
NAV returns, another gauge of an ETF dynamics, showed a −24.06% decrease in three-month performance and has increased by 118.70% in a year.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
TSLL invests in cash. See more details in our Analysis section.
TSLL expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, TSLL is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, TSLL pays dividends to its holders with the dividend yield of 2.74%.
TSLL trades at a premium (0.70%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
TSLL shares are issued by Rafferty Asset Management LLC
TSLL follows the Tesla, Inc.. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 9, 2022.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.