Direxion Daily TSLA Bear 1X Shares (TSLS)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
TSLS Chart
Direxion Daily TSLA Bear 1X Shares Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| RWP Ridgecrest Wealth Partners LLC Ridgecrest Wealth Partners LLC | 4,848 | $292,285.92 | $260,143.68 | -$32,142.24 | -11% |
| CPS Chow Pak Sun Gordian Capital Singapore Pte Ltd. | 11,000 | $663,190 | $590,260 | -$72,930 | -11% |
| PSC PayPay Securities Corp. PayPay Securities Corp. | 792 | $47,749.68 | $42,498.72 | -$5,250.96 | -11% |
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Direxion Daily TSLA Bear 1X Shares Profile
| NASDAQ (NGS) Exchange | US Country |
Overview
The fund described is a financial vehicle designed to offer investors a unique way of participating in the market dynamics of Tesla, Inc. (TSLA). It is purposely structured to provide an inverse exposure to TSLA's daily performance. This means that if TSLA's value decreases on a given day, the value of the fund should correspondingly increase, and vice versa, aiming to mirror the opposite of TSLA's daily performance by 1X. The fund's strategy involves the use of financial instruments such as swap agreements and options to achieve its investment objective. It is categorized as non-diversified, indicating a concentration of investments rather than spreading risk across various securities. This setup allows investors to potentially benefit from declines in TSLA's market value, making it a distinctive choice for those speculating against the company's stock performance or seeking to hedge exposure to TSLA.
Products and Services
- Swap Agreements:
Swap agreements are a core component of the fund's strategy to achieve inverse exposure to TSLA. These are derivative contracts through which two parties exchange financial instruments. In the context of this fund, they are used to exchange returns in a way that the fund gains when TSLA's price drops. Swap agreements enable the fund to attain its goal without needing to directly short sell TSLA shares, thereby introducing a level of flexibility and risk management to its approach.
- Options:
Options are another financial instrument utilized by the fund to partake inversely in TSLA's market performance. Options grant the holder the right, but not the obligation, to buy or sell a security at an agreed-upon price within a certain period. By investing in options, the fund can strategically position itself to profit from decreases in TSLA's stock price, furthering its investment objective. This method adds an additional layer of strategy aimed at capitalizing on stock price movements without requiring the actual ownership of TSLA shares.
