Latest news with #TSLQ
Yahoo
2 days ago
- Business
- Yahoo
Traders Buy the Dip in TSLL as Tesla Stock Tanks
Shares of Tesla Inc. (TSLA) plunged 14% on Thursday in a brutal session that sent shockwaves through the leveraged Tesla ETF universe. The Direxion Daily TSLA Bull 2X Shares (TSLL) dropped a whopping 28.5% during the session, its second-worst day ever. You might expect investors to flee after a wipeout like that, but instead, they piled in. A combined $140 million flowed into the 18 U.S.-listed Tesla-focused ETFs on Thursday. Nearly all of that went into TSLL, which hauled in $142 million despite its double-digit drop. The surge in assets suggests dip-buyers are doubling down on the long side, betting on a rebound in Tesla shares. TSLL has now seen a whopping $3.1 billion in inflows year to date, bringing its total assets to just over $4 billion. That's down from a peak of more than $7 billion in May, reflecting steep price losses. So far this year, TSLL is down 60%, more than double Tesla's 25% decline. Far behind in Thursday's inflows tally was the YieldMax TSLA Option Income ETF (TSLY), which pulled in $6 million. That brought its year-to-date inflows to $514 million and pushed its total assets to $950 million, making it the second-largest Tesla ETF in the U.S. TSLY sells covered calls on Tesla stock to generate income, trading upside potential for monthly yield. While that strategy cushions some downside, the ETF is still heavily exposed to Tesla's share price. Year to date, the fund is down 21%, a bit better than Tesla's 25% slide. Interestingly, the big winner on Thursday—the Tradr 2X Short TSLA Daily ETF (TSLQ), which gained nearly 29%—lost assets. Investors pulled $2.5 million from the bearish fund, suggesting traders weren't eager to press short bets after the drop. Still, TSLQ has taken in $255 million so far this year and now manages around $480 million, making it the third-largest Tesla-focused | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-03-2025
- Automotive
- Yahoo
Leveraged Tesla ETFs Make Big Moves Amid Epic TSLA Stock Skid
Tesla Inc. (TSLA) is on a historic losing streak, falling for eight consecutive weeks—the longest in the company's history. Could this week make it nine in a row? While Tesla investors are licking their wounds, things are even worse for those holding leveraged Tesla ETFs. Shares of Tesla have lost half their value since peaking in December 2024, but the Direxion Daily TSLA Bull 2X Shares (TSLL) has plummeted 80% during the same time frame. On the flip side, inverse Tesla ETFs have surged. The Tradr 2X Short TSLA Daily ETF (TSLQ) has nearly tripled since Tesla's peak, benefiting from the stock's downward trajectory. TSLL and TSLQ are the largest and third-largest Tesla-related ETFs in the U.S., respectively, with $2.9 billion and $324 million in assets under management. But they are just two of the 17 Tesla-related ETFs in the U.S., which collectively hold $4.8 billion in AUM. Including TSLL, five Tesla-focused ETFs offer various levels of leverage on the stock. On the inverse side, there are four ETFs designed to short Tesla at different magnitudes. Then, some ETFs employ covered call strategies on Tesla to generate income. The largest is the $840 million YieldMax TSLA Option Income ETF (TSLY), which has declined around 55% since Tesla's peak—slightly more than the stock itself. Using Tesla options to generate income has become a popular strategy, with five such ETFs currently listed in the U.S. One Tesla ETF taking a different approach is the Simplify Volt TSLA Revolution ETF (TESL), which uses options to 'manage downside risks.' However, that strategy hasn't provided much protection lately—TESL is down 53% since Tesla's peak, slightly worse than the stock itself. The following are two smaller, but intriguing, Tesla ETFs. Battleshares TSLA vs. F ETF (ELON): A pair trade that combines a 2x leveraged long position in Tesla with a 1x short position in Ford Motor (F). The fund, which launched a month ago, is already down 63%. STYKd 100% UBER & 100% TSLA ETF (ZIPP): This fund uses leverage to combine positions in both Tesla and Uber Technologies Inc. (UBER). It launched earlier this month and is already down 19%. Tesla's ongoing decline has put immense pressure on leveraged long ETFs while providing a windfall for inverse ETFs. With Tesla teetering on its ninth-straight week of losses, investors in these funds will be watching closely to see if the trend reverses—or if the selloff | © Copyright 2025 All rights reserved
