Direxion Daily TSLA Bear 1X Shares

The Fund seeks daily investment results, before fees and expenses, of 100 percent of the inverse (or opposite) of the daily performance of TSLA. The Fund, under normal circumstances, invests in financial instruments, including swap agreements and options, that, in combination, provide inverse (opposite) or short leveraged exposure to TSLA equal to at least 80 percent of the Funds net assets (plus borrowings for investment purposes).