TSLA Bull 1.5X Shares (TSLL)

The Direxion Daily TSLA Bull 1.5X Shares (TSLL) has achieved a significant milestone by becoming the first U.S.-listed single-stock ETF to exceed $1 billion in assets under management (AUM). This accomplishment is particularly noteworthy considering that the ETF was launched less than a year ago and had only $168 million in AUM at the beginning of 2023.

The success of TSLL can be attributed to two key factors: the rapid appreciation of Tesla’s stock price since the start of the year and robust inflows into the ETF. Since its inception on August 9, 2022, investors have allocated $594 million into TSLL. However, despite the strong investor interest, the ETF’s price has declined by 17.6% since its inception, in contrast to a 1.5% gain in the price of Tesla (TSLA) during the same period.

ETF Newz Says:

TSLL has still generated substantial returns, soaring by an impressive 291% since Tesla’s low point on January 3. In comparison, Tesla’s stock price itself increased by 166% during that timeframe. This performance likely played a significant role in attracting investors to TSLL and contributing to its remarkable growth in AUM.

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