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UTSL

$--
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1d
1w
1m

Analysis and statistics

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About

UTSL.US refers to the Direxion Daily TSLA Bull 1.5X Shares ETF. This ETF aims to deliver 1.5 times the daily performance of the common stock of Tesla Inc. (TSLA). It is a leveraged ETF, meaning it uses financial derivatives and debt to amplify the returns of the underlying asset, which in this case is Tesla stock. As a leveraged product, it is designed for short-term trading and is not suitable for long-term holding due to the effects of compounding.
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Factors

Leverage:UTSL's 3x leverage magnifies the daily performance of its underlying index, affecting its price.

Index Performance: The underlying index's daily movements directly impact UTSL's price, amplified threefold.

Volatility: High volatility in the underlying market can significantly affect UTSL due to its leveraged nature.

Interest Rates: Cost of borrowing for leverage impacts UTSL's expense ratio and therefore price.

Market Sentiment: Overall bullish or bearish sentiment greatly influences demand and price due to leveraged risk.

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