Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

EVAV

Market cap $5.01M

New York, United States, Oct. 04, 2025 (GLOBE NEWSWIRE) -- Due to their inability to attract sufficient investment assets, the Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close three ETFs (each, a “Fund” and collectively, the “Funds”), based on the recommendation of the Funds' adviser, Rafferty Asset Management, LLC. The Board concluded that liquidating and closing the Funds would be in the best interest of the Funds and their shareholders. The Funds closing are as follows:

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Tesla is down over 20% for the year, but the rest of the electric vehicle (EV) industry isn't necessarily following that same trajectory. In countries like China, they're witnessing growth in EV sales.

Tesla's stock is down over 30% so far in 2025, especially after coming off a rough February. March could be a repeat performance, given the way it's started, opening opportunities for bearish traders.

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

London-based market research firm Rho Motion released data on EV sales for the January. While certain parts of the country saw sales recede, others rose.

2024 was a record year for electric vehicles sales. EV sales reached 20% for the first time, according to a CNBC report.

Electric vehicle manufacturer Tesla Inc TSLA has enjoyed remarkable success over the past year, and circumstances may brighten even more amid a new political era. With Donald Trump entering his second term, market sectors associated with him or his proposed policies have generally performed well.