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ETF Inflows Surge for TSLL and BOXA, Boosting Tesla

Surge in ETF inflows highlights confidence. TSLA sees a 3.4% increase as investors favor Direxion Daily TSLA Bull 1.5X Shares, up 21.7%. Meanwhile, BOXA ETF has increased units by 37.5%.

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AI Rating:   7

This report discusses notable inflows into specific ETFs, which can affect the sentiment around the underlying stocks. One of the major highlights is the influx into the Direxion Daily TSLA Bull 1.5X Shares (TSLL).

In particular, TSLL witnessed an addition of 68,575,000 units, translating to a remarkable 21.7% week-over-week increase. This surge may suggest a strong bullish sentiment among investors for Tesla (TSLA), which is reflected in its trading performance. In the report, it is noted that Tesla's stock was up approximately 3.4% during morning trading, possibly due to this positive investor sentiment. This uptick in the ETF aligns with the positive price movement of its underlying asset.

Additionally, the BOXA ETF experienced an impressive 37.5% increase in outstanding units, adding 30,000 units. This growth indicates an increased interest in the BOXA ETF, although the specific impact on the underlying stocks or sectors is not detailed in the report.

Stocks:  TSLA