DIREXION SHARES ETF TRUSTDIREXION SHARES ETF TRUSTDIREXION SHARES ETF TRUST

DIREXION SHARES ETF TRUST

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Key stats


Assets under management (AUM)
‪5.29 B‬USD
Fund flows (1Y)
‪453.99 M‬USD
Dividend yield (indicated)
1.05%
Discount/Premium to NAV
−4.4%

About DIREXION SHARES ETF TRUST


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
0.96%
Home page
Inception date
Aug 9, 2022
Index tracked
Tesla, Inc.
Management style
Passive
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
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%

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