Direxion Daily TSLA Bull 2X Shares - TSLL

Direxion Daily TSLA Bull 2X Shares is a leveraged exchange-traded fund that seeks to provide twice the daily performance of Tesla stock before fees and expenses. The fund invests through derivatives in stocks of companies operating across the electric vehicle and electric vehicle powertrain components sectors, using financial instruments such as swaps to construct its portfolio. Designed for active traders rather than long-term investors, this single-stock ETF magnifies both gains and losses relative to Tesla's daily price movements. Unlike traditional diversified ETFs, the fund tracks a single stock, eliminating the risk mitigation benefits of diversification and creating higher volatility. The fund is intended for experienced investors who understand leverage risk and actively manage their positions, as it pursues daily investment objectives and may lose value even when the underlying stock appreciates over periods longer than one day. Launched in August 2022 and managed by Rafferty Asset Management, the fund trades on the NASDAQ and charges an expense ratio of 0.95 percent.