About Direxion Daily TSLA Bear 1X Shares (TSLS)

The Direxion Daily TSLA Bear 1X Shares (TSLS) is an exchange-traded fund (ETF) designed to provide investors with inverse exposure to the daily performance of Tesla Inc. The fund seeks to achieve its investment objective by investing in a combination of financial instruments, including equity securities and derivative instruments such as futures contracts, options on futures contracts, and swap agreements. The fund aims to generate daily returns that are -1x the daily performance of Tesla Inc's common stock.

Investors considering TSLS should be aware that it is designed to be used as a short-term trading instrument and may not be suitable for long-term investors. The fund's inverse exposure resets on a daily basis, which can lead to a performance that may differ significantly from the inverse of Tesla Inc's performance over longer periods. As a result, the fund is more appropriate for investors seeking tactical opportunities or hedging strategies rather than as a long-term investment.