Skip to Main Content
Leveraged & Inverse ETFs

Direxion Daily TSLA Bull 2X and Bear 1X Shares

The Direxion Daily TSLA Bull 2X Shares and Direxion Daily TSLA Bear 1X Shares seek daily investment results, before fees and expenses, of 200% 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)$7.32As of May 23, 2024
1 Day NAV change$-0.56(-7.11%)As of May 23, 2024

TSLS

NAV (Net Asset Value)$24.23As of May 23, 2024
1 Day NAV change$+0.83(+3.57%)As of May 23, 2024
TSLLDirexion Daily TSLA Bull 2X Shares
Daily Target
+200%
Intra-day Value
TSLL.IV
Daily NAV
$7.32
Daily Market Price
$7.32
Expense Ratio
(gross/net %)
0.96 / 0.96*
Daily Volume
34,538,619
Security Identifier
25460G286
Inception Date
Aug 09, 2022
TSLSDirexion Daily TSLA Bear 1X Shares
Daily Target
-100%
Intra-day Value
TSLS.IV
Daily NAV
$24.23
Daily Market Price
$24.25
Expense Ratio
(gross/net %)
1.07 / 1.07*
Daily Volume
818,092
Security Identifier
25460G260
Inception Date
Aug 09, 2022

Operational Updates

  • 02/02/2024
    Direxion Announces Exposure and Risk Increase on Single Stock Daily Leveraged ETFs
    Read the Press Release
  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
    Set Up Your ETF Alerts Today

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 05/23/2024.

TSLL Direxion Daily TSLA Bull 2X Shares
Net Asset Value (NAV)
$7.32Nav
$-0.56Change
-7.11%Change
Market Price Closing
$7.32Market
$-0.57Change
-7.22%Change
Premium / Discount
Change from Last Day Trading
Premium/Discount tool
TSLS Direxion Daily TSLA Bear 1X Shares
Net Asset Value (NAV)
$24.23Nav
$+0.83Change
+3.57%Change
Market Price Closing
$24.25Market
$+0.88Change
+3.77%Change
Premium / Discount
$+0.02Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
TSLL NAV
2.32
-9.17
-41.52
-1.85
-45.22
0.96 / 0.96*
08/09/2022
TSLL Market Close
2.71
-8.99
-41.44
-1.60
-45.04
0.96 / 0.96*
08/09/2022
TSLS NAV
-9.08
-4.79
24.35
-25.38
1.13
1.07 / 1.07*
08/09/2022
TSLS Market Close
-9.03
-4.68
24.35
-25.45
0.83
1.07 / 1.07*
08/09/2022

As of April 30, 2024

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 0.86% for TSLL and 0.95% for TSLS. 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, 2025, 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 2X Shares (TSLL) seeks 200% 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 2X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
03/20/202403/19/202403/26/20240.07882
12/22/202312/21/202312/29/20230.12535
12/11/202312/08/202312/14/20230.000000.27342
09/20/202309/19/202309/26/20230.11256
Record Date03/20/2024
Ex Date03/19/2024
Pay Date03/26/2024
Income Dividend0.07882
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.12535
Short-Term Capital Gain
Long-Term Capital Gain
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

TSLS Direxion Daily TSLA Bear 1X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
03/20/202403/19/202403/26/20240.23986
12/22/202312/21/202312/29/20230.22923
09/20/202309/19/202309/26/20230.17966
06/22/202306/21/202306/28/20230.18593
Record Date03/20/2024
Ex Date03/19/2024
Pay Date03/26/2024
Income Dividend0.23986
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.22923
Short-Term Capital Gain
Long-Term Capital Gain
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

Documents

How to Trade

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.

Operational Updates

Documents & Downloads

How to Trade

While you can't trade our funds from our website, investors still have multiple options for buying Direxion ETFs
Learn More About Trading Direxion ETFs

Browse Other Funds

View more of our Leveraged & Inverse ETFs at Direxion. As of May 23, 2024
View All

Subscribe to Newsletters & Operational Updates

Sign up for email and/or text of the important news, including:

  • Fund updates including splits, distributions, launches, and other corporate actions
  • Educational events, such as web seminars and conferences
  • Our latest research and industry trends
Subscribe

Learn About Leveraged & Inverse ETFs

Trading is different than investing. Use our insights and educational resources to make sure you’re ready to trade in Direxion’s Leveraged and Inverse ETFs.

an illustration of a book with a graduate cap on to represent the Direxion University

Leveraged and Inverse ETF Education Center

Educational materials, videos, and self-paced online training.
illustration of an 'X' with candlestick chart elements over the top

The Xchange Newsletter

Leveraged ETF market trends and trading ideas. Read our latest article and subscribe.
an illustration of a video for Leveraged & Inverse ETF Education

Leveraged & Inverse ETF Videos

Short videos to teach you about our Leveraged & Inverse ETFs.