TNA

Direxion Daily Small Cap Bull 3x Shares

$41.48

+0.00%

Market closed. Last update: 12:00 PM ET

📎 Investment Objective

The Direxion Daily Small Cap Bull 3x Shares ETF (TNA) seeks to provide daily investment results that correspond to three times (3x) the daily performance of the Russell 2000® Index, which is a benchmark for small-capitalization U.S. stocks.

Overview

ETF tracking Direxion Daily Small Cap Bull 3x Shares

Category Leveraged

Issuer Other

Inception Date 2008-11-05

Market Cap $2.1B

Average Volume N/A

Dividend Yield 1.21%

52-Week Range $19.12 - $56.25

VWAP $40.85

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its 3x daily leveraged exposure to the Russell 2000 Index. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 3x daily leveraged exposure to the Russell 2000 Index, which tracks small-cap U.S. stocks
Designed for short-term trading and not long-term buy-and-hold investing
Resets its leverage daily, which can lead to compounding effects over longer holding periods
Has no assets under management and an expense ratio of 0.00%

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for large and unexpected losses from the compounding of daily returns
Volatility risk as the fund's performance can vary significantly from the underlying index on a daily basis
Liquidity risk as the fund may have limited trading volume and market maker support

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who understand the risks of leveraged products and are seeking short-term, speculative exposure to small-cap U.S. stocks. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.