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Direxion Shares Etf Trust - Direxion Daily Tsla Bull 1.5x Shares
9.65
-0.04 (-0.41%)
Last Update: 17 Oct 2024 23:29:00
Yesterday: 9.69
Day's Range: 9.4 - 9.7598
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When Written:
12.79
The Direxion Shares ETF Trust - Direxion Daily TSLA Bull 1.5X Shares is an exchange-traded fund (ETF) that seeks to provide 1.5 times the daily performance of the Tesla Inc. (TSLA) stock. This means that if TSLA stock goes up by 1%, the ETF is expected to go up by 1.5%. Conversely, if TSLA stock goes down by 1%, the ETF is expected to go down by 1.5%.
The ETF uses leverage to achieve its objective, which means it borrows money to invest in TSLA stock. This can amplify returns when TSLA stock is performing well, but can also increase losses when TSLA stock is performing poorly.
Investors who are bullish on TSLA stock may consider investing in this ETF as a way to gain exposure to the stock with a potentially higher return. However, it is important to note that this ETF is not suitable for all investors, particularly those who are risk-averse or have a short-term investment horizon. It is also important to carefully consider the risks associated with leveraged ETFs before investing.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
The ETF uses leverage to achieve its objective, which means it borrows money to invest in TSLA stock. This can amplify returns when TSLA stock is performing well, but can also increase losses when TSLA stock is performing poorly.
Investors who are bullish on TSLA stock may consider investing in this ETF as a way to gain exposure to the stock with a potentially higher return. However, it is important to note that this ETF is not suitable for all investors, particularly those who are risk-averse or have a short-term investment horizon. It is also important to carefully consider the risks associated with leveraged ETFs before investing.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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