Traders Buy the Dip on Tesla, Pouring $486M into Bullish TSLL ETF

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Weekly Channel Summary

The Single Stock ETF channel, comprising 603 funds from 17 issuers, closed the week with total assets under management of $44.47 billion. The segment attracted a modest $93 million in net inflows over the past five days. This recent activity contributes to a substantial year-to-date haul of $14.52 billion and a one-year total of $25.96 billion in new assets.

This Week’s Performance Leaders and Laggards

Performance across Single Stock categories was negative this week, though losses were relatively contained. The largest category, Leverage | Inverse, was the best relative performer, declining just -0.26% while maintaining a strong year-to-date gain of 119.63%. In contrast, the Synthetic Income category posted the weakest results with a weekly loss of -2.72%, though it remains positive on the year.

Top & Bottom Underlying Stock Performance (WTD)

Ticker Underlying Stock Week-To-Date Return Year-To-Date Return Number of Funds Following Stock
Top Performers
XOM Exxonmobil Holdings Corp Com Shs 6.50% 30.41% 1
AMD Advanced Micro Devices Inc 5.28% 143.72% 1
JPM Jpmorgan Chase & Co 3.55% 9.62% 1
NVDA Nvidia Corporation 1.99% 10.91% 8
NFLX Netflix Inc. 1.65% -25.25% 1
Bottom Performers
TSLA Tesla Inc -17.81% -30.39% 10
MRNA Moderna Inc -12.54% 83.35% 1
META Meta Platforms Inc -7.87% -9.83% 2
GOOG Alphabet Inc Cap Stk Cl C -7.81% 1.69% 3
AMZN Amazon Com Inc -6.12% 0.56% 3

Top & Bottom 5 ETFs by Weekly Performance

Leveraged products tracking individual names saw dramatic performance swings depending on the underlying stock. The Corgi CIFR 2x Daily ETF (CIFC) surged an impressive 64.69% for the week. Conversely, funds tied to Tesla’s sharp decline suffered significant losses, with the ProShares Ultra TSLA ETF (TSLI) dropping by -35.07%. The week’s worst performer was the Defiance Daily Target 2X Short SMCI ETF (SMCZ), which fell -45.66%.

Ticker Fund Name WTD Performance
Top Performers
CIFC Corgi CIFR 2x Daily ETF 64.69%
CIFU T-REX 2X Long CIFR Daily Target ETF 64.22%
CIFG Leverage Shares 2X Long CIFR Daily ETF 63.94%
SMCX Defiance Daily Target 2X Long SMCI ETF 49.06%
SMCL GraniteShares 2x Long SMCI Daily ETF 48.61%
Bottom Performers
SMCZ Defiance Daily Target 2X Short SMCI ETF -45.66%
TESC Corgi TSLA 2x Daily ETF -35.24%
TEMC Corgi TEM 2x Daily ETF -35.23%
TEMT Tradr 2X Long TEM Daily ETF -35.11%
TSLI ProShares Ultra TSLA ETF -35.07%

Analyzing the Weekly Flows

The Single Stock channel gathered $93 million in net new assets this week, with flows diverging significantly by strategy. Options Overlay products led demand, attracting $153 million in fresh capital. Inverse strategies also saw positive interest with $55 million in inflows, while Levered funds experienced the largest withdrawals, shedding -$110 million for the week.

Where the Money Went This Week

Implementation Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Options Overlay 99 $7.49B $153M $294M $1,080M $601M $5,691M
Inverse 57 $1.38B $55M -$358M $1M -$4M $156M
Autocallable 8 $13M $0M $3M $7M $8M $8M
Currency Hedged 10 $33M -$6M $3M $6M $11M $9M
Levered 427 $35.36B -$110M $777M $11,144M $13,902M $20,092M

Top & Bottom 5 ETFs by 5-Day Flow

Despite a difficult week for its underlying stock, the Direxion Daily TSLA Bull 2X ETF (TSLL) dominated inflows, attracting an impressive $486 million as traders bought the dip. On the other side of the ledger, significant outflows were seen from other technology-focused leveraged products. The Tradr 2X Long SNDK Daily ETF (SNXX) and the Direxion Daily MU Bull 2X ETF (MUU) led redemptions, losing -$220 million and -$207 million, respectively.

Ticker Fund Name 5-Day Flow
Inflows
TSLL Direxion Daily TSLA Bull 2X ETF $486M
GGLL Direxion Daily GOOGL Bull 2X ETF $118M
INTW GraniteShares 2x Long INTC Daily ETF $81M
SNDQ Tradr 2X Short SNDK Daily ETF $50M
ORCX Defiance Daily Target 2X Long ORCL ETF $44M
Outflows
SNXX Tradr 2X Long SNDK Daily ETF -$220M
MUU Direxion Daily MU Bull 2X ETF -$207M
NVDL GraniteShares 2x Long NVDA Daily ETF -$207M
MSFU Direxion Daily MSFT Bull 2X ETF -$57M
RAM Roundhill T-REX 2X Long DRAM Daily Target ETF -$35M

Note: the following fund(s) were excluded from the flow totals above because the weekly flow exceeds 75% of the fund’s AUM and may be the result of a custom rebalance: SKHU ($62M), AMDW ($99M).

Issuer League Table Update

Direxion and GraniteShares continue to lead the Single Stock issuer landscape, commanding 31.78% and 21.29% of the market share, respectively. Direxion also captured the most new assets this week, with net inflows totaling $271 million. Meanwhile, Tradr experienced the largest net outflows among issuers, seeing -$186 million withdrawn from its fund lineup.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
Direxion 53 $14.13B 31.78%
GraniteShares 73 $9.47B 21.29%
YieldMax 41 $5.99B 13.46%
Tradr 69 $5.54B 12.45%
Defiance 65 $2.53B 5.68%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
Direxion $271M
YieldMax $127M
Leverage Shares $22M
Outflows
Tradr -$186M
GraniteShares -$135M
ADRhedged -$6M

For a deeper dive into these trends, access our FREE, in-depth Single Stock ETF reports in the right side panel of this page.

Disclosures

This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.

This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.