Direxion Daily TSLA Bear 1X ETF
TSLS
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Aug 10, 2022
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily TSLA Bear 1X Shares (TSLS) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 100% of the inverse (or opposite) of the performance of the common shares of Tesla, Inc. (NASDAQ: TSLA); the fund employs derivatives such as swaps to achieve its -1x daily exposure to TSLA's price movements, with primary holdings including cash equivalents like Dreyfus Government Cash Management Institutional shares and Goldman Sachs Financial Square Treasury funds alongside Tesla swap positions; it is designed for sophisticated, short-term traders who understand leverage and compounding risks rather than long-term investors, as returns over periods longer than one day may differ substantially from -1x TSLA due to volatility and daily resetting. TSLS trades on the NASDAQ exchange and maintains a net expense ratio of 0.94%, with assets under management around $78-89 million; it pays regular income distributions, such as $0.05292 per share in June 2025 and $0.07555 per share in March 2025; the fund targets active traders seeking to profit from or hedge against declines in Tesla stock, part of the broader leveraged and inverse single-stock ETF segment. Launched on August 9, 2022, by Direxion Shares ETF Trust, a product of Direxion Investments, LLC, which was founded in 1997 and is headquartered in New York with additional offices in Boston, Alexandria, Milwaukee, and Hong Kong; Direxion specializes in leveraged and inverse ETFs, including recent expansions like new single-stock funds for Cisco, Qualcomm, Boeing, Exxon Mobil, Eli Lilly, and Palo Alto Networks in 2025. In September 2024, Direxion selected SS&C ALPS Distributors to provide medallion distribution services for its ETF and mutual fund range, enhancing fund distribution and accessing registered fund services; the firm continues innovating its single-stock ETF lineup amid ongoing market demand, with no major acquisitions or funding rounds specific to TSLS reported recently; Direxion also appointed Mo Sparks as Chief Product Officer in April 2025 to support product development.