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Leveraged & Inverse ETFs

Direxion Daily TSLA Bull 1.5X and Bear 1X Shares

The Direxion Daily TSLA Bull 1.5X Shares and Direxion Daily TSLA Bear 1X Shares seek daily investment results, before fees and expenses, of 150% and 100% of the inverse (or opposite), respectively, of the performance of the common shares of Tesla, Inc. (NASDAQ: TSLA).

Investing in the funds involves a high degree of risk. Unlike traditional ETFs, or even other leveraged and/or inverse ETFs, these leveraged and/or inverse single-stock ETFs track the price of a single stock rather than an index, eliminating the benefits of diversification. Leveraged and inverse ETFs pursue daily leveraged investment objectives, which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying stock’s performance over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments. The Funds will lose money if the underlying stock’s performance is flat, and it is possible that the Bull Fund will lose money even if the underlying stock’s performance increases, and the Bear Fund will lose money even if the underlying stock’s performance decreases, over a period longer than a single day. Investing in the Funds is not equivalent to investing directly in TSLA.

TSLL

NAV (Net Asset Value)$14.16As of Dec 08, 2023
1 Day NAV change$-0.18(-1.26%)As of Dec 08, 2023

TSLS

NAV (Net Asset Value)$19.46As of Dec 08, 2023
1 Day NAV change$-0.09(-0.46%)As of Dec 08, 2023
TSLLDirexion Daily TSLA Bull 1.5X Shares
Daily Target
+150%
Intra-day Value
TSLL.IV
Daily NAV
$14.16
Daily Market Price
$14.14
Expense Ratio
(gross/net %)
1.25 / 1.08*
Daily Volume
15,498,484
Security Identifier
25460G286
Inception Date
Aug 09, 2022
TSLSDirexion Daily TSLA Bear 1X Shares
Daily Target
-100%
Intra-day Value
TSLS.IV
Daily NAV
$19.46
Daily Market Price
$19.47
Expense Ratio
(gross/net %)
2.26 / 1.07*
Daily Volume
1,948,983
Security Identifier
25460G260
Inception Date
Aug 09, 2022

Documents & Downloads

  • TSLL TSLS Fact Sheet (pdf)
  • Direxion ETFs List (pdf)
  • TSLL Prospectus
  • TSLS Prospectus
  • Daily Fund Holdings (csv)

Pricing & Performance

NAV and Market Price information as of 12/08/2023.

TSLL Direxion Daily TSLA Bull 1.5X Shares
Net Asset Value (NAV)
$14.16Nav
$-0.18Change
-1.26%Change
Market Price Closing
$14.14Market
$-0.19Change
-1.33%Change
Premium / Discount
$-0.02Change from Last Day Trading
Premium/Discount tool
TSLS Direxion Daily TSLA Bear 1X Shares
Net Asset Value (NAV)
$19.46Nav
$-0.09Change
-0.46%Change
Market Price Closing
$19.47Market
$-0.09Change
-0.46%Change
Premium / Discount
$+0.01Change from Last Day Trading
Premium/Discount tool
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
TSLL NAV
29.04
-13.90
129.48
12.26
-34.01
1.25 / 1.08*
08/09/2022
TSLL Market Close
28.86
-13.94
129.45
12.75
-33.87
1.25 / 1.08*
08/09/2022
TSLS NAV
-17.41
2.91
-58.68
-37.60
-11.63
2.26 / 1.07*
08/09/2022
TSLS Market Close
-17.43
2.83
-58.67
-37.97
-11.95
2.26 / 1.07*
08/09/2022

As of November 30, 2023

The Primary Listing Exchange is the NASDAQ.

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.95%. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse each Fund for Other Expenses through September 1, 2024, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds’ website at direxion.com.

Short-term performance, in particular, is not a good indication of a fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Single Stock Exposure

Tesla, Inc. designs, manufactures and sells electric vehicles and electric vehicle powertrain components. TSLA is registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Information provided to or filed with the Securities and Exchange Commission by Tesla, Inc. pursuant to the Exchange Act can be located by reference to the Securities and Exchange Commission file number 001-34756 through the Securities and Exchange Commission’s website at www.sec.gov. In addition, information regarding Tesla, Inc. may be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents.

Important Information Regarding TSLL

The Direxion Daily TSLA Bull 1.5X Shares (TSLL) seeks 150% daily leveraged investment results and thus will have an increase of volatility relative to the underlying TSLA performance itself. Longer holding periods, higher volatility of TSLA and leverage increase the impact of compounding on an investor’s returns. During periods of higher TSLA volatility, the volatility of TSLA may affect the fund’s performance.

Important Information Regarding TSLS

The Direxion Daily TSLA Bear 1X Shares (TSLS) seeks daily inverse investment results and is very different from most other exchange-traded funds. Longer holding periods and higher volatility of TSLA increase the impact of compounding on an investor’s returns. During periods of higher volatility, the volatility of TSLA may affect the fund’s return as much as, or more than, the return of TSLA.

Distributions

TSLL Direxion Daily TSLA Bull 1.5X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/11/202312/08/202312/14/20230.000000.27342
09/20/202309/19/202309/26/20230.11256
06/22/202306/21/202306/28/20230.08326
03/22/202303/21/202303/28/20230.04231
12/21/202212/20/202212/28/20220.04793
12/09/202212/08/202212/14/20220.000000.03561
09/21/202209/20/202209/27/20220.01467
Record Date12/11/2023
Ex Date12/08/2023
Pay Date12/14/2023
Income Dividend0.00000
Short-Term Capital Gain0.27342
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.11256
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.08326
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.04231
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/21/2022
Ex Date12/20/2022
Pay Date12/28/2022
Income Dividend0.04793
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/09/2022
Ex Date12/08/2022
Pay Date12/14/2022
Income Dividend0.00000
Short-Term Capital Gain0.03561
Long-Term Capital Gain
Record Date09/21/2022
Ex Date09/20/2022
Pay Date09/27/2022
Income Dividend0.01467
Short-Term Capital Gain
Long-Term Capital Gain

TSLS Direxion Daily TSLA Bear 1X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
09/20/202309/19/202309/26/20230.17966
06/22/202306/21/202306/28/20230.18593
03/22/202303/21/202303/28/20230.25478
12/21/202212/20/202212/28/20220.05626
12/09/202212/08/202212/14/20220.000001.61944
09/21/202209/20/202209/27/20220.02345
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.17966
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.18593
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.25478
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/21/2022
Ex Date12/20/2022
Pay Date12/28/2022
Income Dividend0.05626
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/09/2022
Ex Date12/08/2022
Pay Date12/14/2022
Income Dividend0.00000
Short-Term Capital Gain1.61944
Long-Term Capital Gain
Record Date09/21/2022
Ex Date09/20/2022
Pay Date09/27/2022
Income Dividend0.02345
Short-Term Capital Gain
Long-Term Capital Gain

Documents

How to Buy

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees.If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Documents & Downloads

How to Buy

While you can't purchase our funds from our website, investors still have multiple options for buying Direxion ETFs
Learn more about buying Direxion ETFs

What's Inside?

Daily Reset

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