Direxion TSLA Defined Income Boost ETF (TSIB)

The Direxion TSLA Defined Income Boost ETF (TSIB) is an options-based income fund from Direxion that uses Tesla, Inc. (TSLA) as its underlying reference asset. Tesla designs and manufactures electric vehicles, battery energy storage systems and related technology.

The fund seeks to generate enhanced income through an option strategy on Tesla shares, aiming to pay regular distributions while maintaining a defined structure for its exposure to the stock's price movements. Its income-focused design means upside participation in Tesla's share price is limited compared with owning the stock directly. The ETF trades on Cboe BZX.