Direxion Daily TSLA Bull 1.5X Shares

The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of TSLA and financial instruments, such as swap agreements and options, that provide leveraged exposure to TSLA. The fund is non-diversified.

We have highlighted 10 ETFs that have seen higher average volumes in the third quarter and are thus the top 10 funds in terms of trading volume.

10 Most Heavily Traded ETFs of Q3

The electrification of the automotive industry continues to receive full backing of the U.S. government. The current administration under President Biden is supporting a $1 billion fund focused on growing small- to medium-size electric vehicle businesses.

$1 Billion Fund Could Spark More Electric Vehicle Growth

According to a Kelley Blue Book report, EVs sales climbed in the second quarter. These bullish vibes can certainly add momentum to EV-focused ETFs if the trend continues toward the upside.

Second Quarter Sales Add Bullish Vibes to EVs and This ETF

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

Earnings Preview: Magnificent 7 Quarterly Results on Tap

TSLL is a buy and can be used to build starting position to tap into the revived growth opportunities with TSLA. TSLL is a (2X) leveraged ETF with single underlying TSLA. Its volatility and risks should be hedged by owning TSLS (1X inverse). TSLL can generate good income by selling the covered calls. TSLL and TSLS both offer dividend which is added benefits for shareholders.

Direxion Daily TSLA Bull 1.5X SharesTSLL

Direxion Daily TSLA Bull 1.5X Shares
TSLL