Direxion Daily TSLA Bear 1X ETF (TSLS)
Direxion Daily TSLA Bear 1X ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $63.38, up 1.55% on the session, giving a market capitalisation of $62.4M. Its beta of -1.39 implies it has historically moved less than the broad market.
The Direxion Daily TSLA Bull 2X ETF and Direxion Daily TSLA Bear 1X ETF are designed to achieve particular daily returns based on the performance of Tesla, Inc. (NASDAQ: TSLA) common stock. The Bull 2X ETF targets daily investment outcomes that are double (200%) the stock's performance, before deducting fees and expenses. In contrast, the Bear 1X ETF strives for daily results equal to the inverse (or opposite) movement of Tesla's shares, prior to any associated costs.
Direxion Daily TSLA Bear 1X ETF is most often compared with the following Financial Services names: