TSLS may rise through Q1 2023Perhaps TSLS (the inverse or bear x1 of Tesla TSLA) will continue increasing through Q1 2023. PHO (fresh water) & WEAT (wheat) are at the base measuring in % gains to compare to the gains of TSLS.
Key stats
About Direxion Daily TSLA Bear 1X Shares
Expense ratio
1.07%
Home page
Inception date
Aug 9, 2022
TSLS is a short-term tactical tool that aims to deliver -1x the price return, less fees and expenses, for a single day of Tesla stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the -1x multiple. Aside from the inverse exposure, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
December 2022 shorts up, longs downDecember 2022 shorts up, longs down. What will happen in January 2023? There are only 3 possibilities, up, down or sideways. Yet forecasting the first month of next year includes a multitude of variables. Only time will tell when I check back on this chart in a month. Here's a 1hr chart, 1 month vie
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