T-Rex 2X Inverse Tesla Daily Fund (TSLZ)
BATS BATS Primary Summary
TSLZ Chart
TSLZ: A Tactical Tool Waiting In The Wings
TSLZ is a tactical, not long-term, tool for capturing TSLA downside, best used during short-term declines and with momentum indicators like RSI. Tesla's volatility and unpredictable news-driven swings make timing crucial; holding TSLZ too long risks decay due to daily resets. Despite recent struggles, TSLA is unlikely to see further short-term downside, so a Hold rating is most appropriate for both TSLA and TSLZ.
T-Rex 2X Inverse Tesla Daily Fund Dividends
| TSLZ TSLZ 26 Dec 2023 Paid | Annual | $2.76 Per Share |
T-Rex 2X Inverse Tesla Daily Fund Earnings
| TSLZ TSLZ 26 Dec 2023 Paid | Annual | $2.76 Per Share |
T-Rex 2X Inverse Tesla Daily Fund (TSLZ) FAQ
What is the stock price today?
On which exchange is it traded?
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Does it pay dividends? What is the current yield?
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Has T-Rex 2X Inverse Tesla Daily Fund ever had a stock split?
T-Rex 2X Inverse Tesla Daily Fund Profile
| BATS Exchange | United States Country |
Overview
This financial entity is designed for investors looking for a way to bet against the performance of Tesla Inc. (TSLA) on a day-to-day basis. It does this through the use of swap agreements that aim to provide double the inverse daily exposure to Tesla's stock performance, adjusting its position to maintain this goal continually. The fund's strategy involves committing at least 80% of its net assets to these swap agreements with major global financial institutions. By doing so, it seeks to mirror twice the opposite of Tesla's daily return, effectively allowing investors to potentially profit from declines in Tesla's stock price. The fund is characterized as non-diversified, meaning it concentrates its investments more narrowly than diversified funds.
Products and Services
- Inverse Daily Exposure to Tesla (TSLA)
The primary offering is structured around swap agreements that provide -200% daily exposure to Tesla, essentially betting against Tesla's day-to-day performance. This product is designed for investors who believe Tesla's stock will decrease in value and wish to capitalize on this potential downturn. The fund's strategy involves heavy investment in these swap agreements, which are financial instruments used to exchange the returns of an asset between parties. In this case, the fund aims to achieve returns that are double the inverse of Tesla's daily returns, adjusted daily to maintain this target exposure.
Contact Information
