I explored the resurgence of Tesla and the Direxion Daily TSLA Bull 2X ETF.

1. Indroduction

Hello, everyone! I’m Dodo Junnyang, a dad who dreams of becoming wealthy.

Recently, Tesla’s stock has been on the rise again. I own a few shares of Tesla myself, and it was quite stressful when the stock price dropped right after I bought them. Thankfully, since I only held a small amount, I managed to endure the downturn. Now that I’m back in profit territory, I plan to hold onto my shares for the time being.

Today, I’d like to introduce an ETF designed for those who enjoy aggressive investing—an ETF that offers double the return when Tesla’s stock price goes up.

2. Direxion Daily TSLA Bull 2X ETF

The Direxion Daily TSLA Bull 2X ETF is an exchange-traded fund (ETF) that tracks twice the daily performance of Tesla’s stock. This type of ETF is referred to as a leveraged ETF. When Tesla’s stock rises, the ETF rises twice as much, and when the stock falls, the ETF drops twice as fast. It’s a high-risk investment product that offers the potential for significant returns but also carries the risk of substantial losses.

Official Name: Direxion Daily TSLA Bull 2X Shares
Ticker Symbol: TSLL

2.1 Investment Indicators

Market Cap: 1.8 trillion KRW
Dividend Yield: 7.38%
Assets Under Management (AUM): 1.8 trillion KRW
Net Asset Value (NAV): 12,591 KRW
Premium/Discount: 0.35%
Management Fee (Annual): 0.96%

2.2 Dividend Information

The ETF pays dividends five times a year, with an annual dividend of 934 KRW per share. This translates to a dividend yield of 7.38%.

2.3 Portfolio Composition

The ETF’s holdings are as follows:

Goldman Sachs U.S. Treasury Fund: 38.2%
Dreyfus Cash Management: 23.0% Tesla: 21.9%
Dreyfus Treasury Securities: 19.9%
Goldman Sachs Fund: 19.1%
U.S. Dollar: 0.74%

3. Conclusion

This ETF is highly aggressive, doubling both gains and losses. Due to its high-risk nature, it’s important to thoroughly analyze it before making any investment decisions. Personally, I still find it intimidating, so I plan to challenge myself with this type of ETF only after gaining more knowledge and experience.

I hope this article helps you in your investment journey. Wishing everyone great wealth! Thank you for reading to the end.