TSLL
Direxion Daily TSLA Bull 2X Shares·NASDAQ
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Key Stats
Assets Under Management
6.00BUSD
Fund Flows (1Y)
335.87MUSD
Dividend Yield
5.00%
Discount/Premium to NAV
-0.04%
Shares Outstanding
314.00M
Expense Ratio
0.95%
About Direxion Daily TSLA Bull 2X Shares
Issuer
Rafferty Asset Management, LLC
Brand
Direxion
Inception Date
Aug 9, 2022
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
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.
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
Analysis
Sector
Consumer Cyclical
100.00%
Consumer Cyclical
100.00%
Asset
Holdings
Symbol
Ratio
TESLA INC SWAP
44.10%
GOLDMAN FINL SQ TRSRY INST 506
41.54%
TESLA INC SWAP-1
34.07%
TESLA INC SWAP-2
33.53%
DREYFUS GOVT CASH MAN INS
31.12%
TESLA INC SWAP-3
29.03%
Symbol
Ratio
TESLA INC SWAP-4
26.40%
TESLA INC SWAP-5
21.29%
DREYFUS TRSRY SECURITIES CASH MGMT
13.61%
GOLDMAN SACHS FIN GOV 465 INSTITUT
10.99%
Top 10 Weight 285.68%
10 Total Holdings
See all holdings
Related Funds
Seasonals
Volume Profile
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