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Single-stock leveraged ETFs were unusual when they first arrived in the U.S. market just four years ago. Today, it might be hard to find a stock without one.
The Direxion Daily TSLA Bull 2X Shares ETF (NASDAQ:TSLL) is among the most actively traded ETFs on Thursday as investors pile into leveraged exposure to Tesla Inc (NASDAQ:TSLA) ahead of the company's closely watched Cybercab event.
On August 6, Direxion broadened its leveraged single-stock ETF lineup with the launch of the Direxion Daily SpaceX Bear 2X ETF (LOFD). This fund seeks daily investment results of 200% of the inverse daily performance of SpaceX (SPCX).
Tesla (NASDAQ:TSLA | TSLA Price Prediction) shareholders have lived through a whiplash 2026, and holders of the leveraged version have felt every jolt twice.
The Direxion Daily TSLA Bull 2X Shares ETF (NASDAQ:TSLL) promises to deliver twice Tesla's daily returns, making it an appealing choice for investors looking to amplify gains in one of the market's most volatile stocks.
Second-quarter earnings season is ramping up with the third week of July slated to bring some high-profile reports, including one from Elon Musk's Tesla, Inc. (TSLA). The electric vehicle giant is scheduled to deliver its latest batch of quarterly results on Wednesday, July 22, after the close of U.S. markets.
To say that considerable hoopla surrounded the SpaceX IPO last Friday is a major understatement. The newly public rockets and satellites company reportedly minted hundreds of millionaires among its staffers while vaulting CEO Elon Musk into the $1 trillion personal wealth club where he resides alone.
The sheer complexity of exchange-traded funds (ETFs) using derivative-based strategies could have investors turning the other away. Instead, investors have been running towards them.
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